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/people

AIB promotes CTO to COO amid tech reorganisation

Graham Fagan has been named as the new chief operating officer (COO) at Irish bank AIB.

/markets

Wise shares fall after Q1 earnings miss analysts' forecast

UK fintech Wise is counting the cost of falling short of analysts' expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.

/startups

French startup Spiko raises $22m

Paris-based fintech Spiko has pulled in $22m after completing a series A funding round.

/wholesale

US Bank completes first fully digital trade finance transaction

US Bank has completed its first trade finance collection transaction using the WaveBL electronic trade documentation platform.

/ai

Anthropic unveils Claude for Financial Services

Anthropic, the AI startup backed by Amazon and Google, has launched a tool to help finance professionals analyse markets, conduct research, and make investment decisions with its Claude models.

/regulation

Barclays fined £42m over money laundering risk failures

Barclays Bank has been fined £42 million by the Financial Conduct Authority for two cases of "poor handling" of money laundering risks.

/payments

Activist investor builds stake in Global Payments

Global Payments shares rose on Wednesday after media reports that activist investor Elliott Management has built up a stake in the fintech.

/crypto

Wall Street names announce stablecoin plans

Two of the biggest names on Wall Street are seemingly about to enter the stablecoin market based on comments made by their senior executives.

/markets

Computershare named as potential buyer for PrimaryBid

Australian stock transfer agency Computershare is reportedly one of a number of companies looking to acquire UK fintech PrimaryBid which was put up for sale earlier this year

/inclusion

Wagestream buys pension tech provider Zippen

UK workplace finance and wellbeing app Wagestream has bought pensions technology company Zippen. Financial terms were not disclosed.

/payments

UniCredit taps Wise Platform for cross-border retail payments service

Italian bank UniCredit has partnered Wise to develop an international payment service for retail customers.

/ai

Lloyds trumpets GenAI knowledge hub's impact

Lloyds Banking Group has built an AI knowledge hub that slashes the time it takes customer-facing employees to answer queries.