Articles about "fintech"

Oliver Prill, CEO of London-based fintech Tide, discusses the company's recent milestone of surpassing two million customers, international growth, and its evolving use of artificial intelligence. Prill emphasises AI's role in internal product development and future consumer offerings, while also addressing challenges in the UK and Indian markets. The company’s focus remains on scaling rather than pursuing an IPO in the near term.

Mouro Capital has secured $400 million in the first close of its third fund, with support from Banco Santander. The fund will target emerging technologies in financial services, including AI and blockchain, with investments in firms such as Eleven Labs and Sakana AI.

An overview of how ChatGPT can assist individuals in building a FinTech startup over five years while working on a modest salary. The article outlines practical steps enabled by artificial intelligence, particularly AI-powered chatbots, for aspiring entrepreneurs.

London-based fintech Adfin has secured $18 million in Series A funding to extend its AI-powered platform for business payments and cashflow management. The investment, led by Index Ventures, will support product development, hiring, and international expansion. The company aims to address inefficiencies in payments for small and medium-sized businesses.

PayPal has announced a strategic shift to refocus itself as a technology company, with artificial intelligence at the core of its new direction. This transition aims to enhance services and drive innovation across PayPal’s financial products. The company's renewed focus reflects broader industry trends in embracing AI for business advancement.

Copenhagen-based spektr has secured $20 million in Series A funding to expand its AI-powered compliance infrastructure for financial services. The platform automates key compliance processes for banks and fintech firms, aiming to reduce manual workloads and improve risk assessment. The latest investment will support continued development and international growth.

European tech investment reached €72 billion in 2025, with fintech, software, healthtech, energy, and artificial intelligence leading capital deployment. Fintech remained the top sector, while AI solidified its role as a strategic growth area.

Trade Republic, Germany's leading stock trading app, is removing AI-powered customer service chatbots in favor of over 1,000 human agents. The decision follows customer complaints and marks a move against the industry trend towards automation. The revamped service will offer 24/7 access to human support in eight languages across 18 European countries.

UK-based fintechs Allica Bank and ClearBank reported their third consecutive year of profit in their UK businesses, supported by strong growth in loan books, deposits, and technology investment. Allica highlighted expanding customer uptake and the deployment of AI agents to enhance SME lending, while ClearBank’s UK segment saw significant gains in embedded banking and multi-currency services.

OpenAI has acquired Hiro Finance, a personal finance startup known for its AI-driven financial planning tools. The move strengthens OpenAI’s role in financial technology, with Hiro’s personnel joining the company as part of an acquihire. Terms of the deal were not disclosed.