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Starling Bank fined £29m for ‘shockingly lax’ AML screening

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.EditorialThis content has been selected, created and...

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures

The Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesU.K. financial regulators hit British digital lender Starling Bank with a...

British fintech Revolut valued at $45 billion in secondary share sale

Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup...

Lloyds hires AWS exec to head up new AI and analytics unit

Lloyds Banking Group has hired an executive from Amazon Web Services as its first director of artificial intelligence andd analytics.EditorialThis content has been selected,...

Trump’s Bitcoin speech aims to lock down crypto support as Harris gains momentum

Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in...

Revolut is finally a bank – now it has to start acting like one

Revolut also needs to ditch the more speculative business areas that it...

Lloyds to convert old data centres and offices into social housing

Lloyds Bank Group is to convert decommissioned data...

Commbank adds car buying and travel bookings to mobile app

Commonwealth Bank of Australia has added travel bookings...

CommBank adds travel booking and car buying services to app

Commonwealth Bank of Australia has added travel booking...

Will generative AI make banking jobs more efficient or replace them?

Generative AI is now becoming a reality within banking. McKinsey found more than 50% of banks in US and Europe are adopting  “more centralised”...

Lightspeed leads USD 10 mIn funding in Travel Wallet

US-based multi-stage venture capital company Lightspeed Venture Partners  has led a USD 10 million funding round in South Korea-based fintech Travel...

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