Executives at leading UK financial institutions are hailing the revolutionary potential of the next generation of artificial intelligence (AI), according to research from Lloyds Bank.

Four in five (80%) financial services sector leaders believe advancements in AI will lead to significant changes to the UK economy, including through increased productivity (66%).

Newcomers to the UK can now leverage their international credit history instantly and free of charge when applying for a credit card with HSBC UK, thanks to a new partnership between the bank and Nova Credit, the world's only cross-border credit bureau.

Today, Blackhawk Network Extras, a flexible workplace, benefits platform and Worldpay from FIS^® (NYSE: FIS), a global leader in financial services technology, have launched Worldpay Rewards, through its Worldpay for Business segment focused on small to medium-sized businesses.

iDenfy, a global RegTech startup offering AI-based identity verification and fraud prevention tools, announced partnering with Kestrl, a UK-based fintech company specializing in Islamic finance, empowering Muslims to build wealth in accordance with their faith principles. iDenfy’s ID verification, AML screening and PoA verification tools will help Kestrl stay compliant while ensuring efficient and simple customer onboarding. 

HyperJar, the London-based Fintech, today announced a USD$24M Series A raise which is led by Susquehanna Private Equity Investments, LLLP, and includes the Healthcare of Ontario Pension Plan “(HOOPP)”.

HyperJar has identified ‘spending money’ as the world’s most important asset class and an unserved global market opportunity.

French Treasury Management fintech Fipto has raised €15 million in seed funding that it will use to accelerate its platform that enables companies to manage their corporate treasury and make international payments in fiat and digital currencies using blockchain technology.

Ebury, the global financial technology firm, is thrilled to announce its sponsorship of National Football League (NFL) team, Jacksonville Jaguars as they approach their UK fixtures in London this October. 

Ebury will become the preferred service for all Jacksonville Jaguars UK FX transfers, following on from the previously announced partnership deal with Fulham Football Club.

New research has highlighted the continuing tensions between the legal/compliance and marketing teams across the financial services sector, in no small part made worse by archaic approval processes for marketing materials which are simply not fit for purpose in today’s complex environment.