The banking sector has always been at the forefront of technological innovations, and when robotic process automation (RPA) gained traction in the late 2010s, banks were among the first who implemented it. Aiming to improve operational efficiency and reduce costs, they were deploying software robots that mimic human actions to automate clerical, rule-based tasks, ranging from extracting data from invoices to setting up employee accounts in corporate systems.

Manchester United has today announced a multi-year agreement with Sokin, appointing the UK-headquartered fintech company as the club's Official Global Business Payment Solutions Partner.

The latest credit card market data from global analytics software leader FICO shows how rising spend and falling payments to balance are continuing to push up average balances. Increased spending follows expected seasonal trends, but the percentage of balance paid continues to trend downwards, which will be a concern for lenders.

Highlights

Bank Aston, the new Guernsey-based bank for offshore trustees, investment funds and family offices, has appointed experienced banking professionals and Guernsey residents Claire Whittet and Roy McGregor as its first Non-Executive Directors (NEDs).

Bank Aston was launched in June 2025 having been granted a banking licence by the Guernsey Financial Services Commission (GFSC), making it Guernsey’s first locally-licensed bank in a generation. It is currently building out its products and services and plans to onboard its first customers in the first half of 2026.

As artificial intelligence becomes more widespread, digital fraud is also evolving and increasing. Jumio, the leader in AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights, warns about the rise of injection attacks as one of the most sophisticated and difficult-to-detect threats in identity verification processes.

Relay—the small business banking and money management platform enabling peak profitability—announced that American small businesses have entrusted them with more than $1 billion in managed customer deposits through Thread Bank, Member FDIC. This milestone is a vote of confidence by the more than 110,000 self-made small business owners using Relay. As the banking platform on a mission to make every business great with money, Relay stands with these entrepreneurs as they chart their path to healthier, more profitable businesses. 

Navan, the leading all-in-one business travel and expense management platform, today announced the appointment of Anré Williams to its Board of Directors, effective immediately. Williams, who most recently served as Chief Executive Officer of American Express National Bank and Group President of Enterprise Services at American Express, brings over 35 years of executive leadership experience and a track record of driving innovation in the financial services and business travel industries.

For Baby Boomers, reliability matters more than the latest payment trends, according to research from PXP, the omnichannel global payment platform. PXP’s survey shows that while Baby Boomers have embraced digital payments in everyday life, they continue to favour debit and credit cards over mobile wallets, wearables or new payment innovations that feel unnecessary.

Visa, a world leader in digital payments, today announced results from its annual Money Travels: 2025 Digital Remittances Adoption Report based on responses from 44,000 senders and receivers across 20 countries and territories. The report tracks remittance trends around the world, including Asia Pacific, a key region in the $905 billion global remittance landscape.