Generative AI and, more specifically AI-based chatbots such as ChatGPT, have continued to dominate headlines and amaze consumers this year. With their rise in popularity and usage, there are a lot of interesting – and important – conversations to be had around AI. Unfortunately, one of those is their potential role in how to fuel fraud.

ChatGPT, Meet Social Engineering

Monument (or the “Bank”) today announces the appointment of Craig Blackburn as Chief of Staff, reporting to Chief Executive Officer, Ian Rand.

Ecospend, the UK’s leading Open Banking provider recently acquired by Trustly, has joined PIMFA WealthTech, the digital marketplace and industry network created to drive innovation and enhance collaboration between WealthTechs and wealth management firms, to provide a proof of concept “Pay-by-Bank” solution to its members.

ION Markets, a global provider of trading platforms, analytics, and risk management solutions for capital markets, announces the connection of its LatentZero order management system (OMS) to Trumid, a financial technology company and fixed-income electronic trading platform. The link adds connectivity to ION Markets’ fast, accurate OMS for all markets and brokers worldwide, across every asset class.

FNZ, the global wealth management platform, and Virgin Money, the full-service digital bank serving 6.6 million customers across the UK, are delighted to announce that they have partnered to launch a new digital investment solution for UK retail investors. The service has been developed by Virgin Money Investments, a joint venture between Virgin Money UK and abrdn.  

The majority (76%) of financial services firms have increased compliance expenditure over the past year, according to the Annual Compliance Health Check Report from SteelEye, the firm behind the first and only truly integrated surveillance solution.  

New data released today by checkout finance platform, Divido, has found 58.3% of consumers see checkout finance as a tool for helping them manage their finances.

With over 1.7 billion unbanked adults worldwide, microfinance has become a key driver of financial inclusion. Aside from empowering individuals to build a better future for themselves and their families, microloan software provides lenders with the tools to automate loan processing tasks and improve loan origination.

45% of European venture capital (VC) investments fail or do not secure returns above 2x the investment, according to a new report by leading European business schools. The report also found that 28% of the investments exceed expectations, and 9% earned above 10x invested capital.

Finastra, a global provider of financial software applications and marketplaces, today announced that Capital Bank, a leading financial institution with commercial and investment banking expertise, has gone live with Finastra’s Corporate Channels and will soon follow with Trade Innovation as well as other Corporate Channels modules.