FinScan says its payments screening product now covers stablecoin transactions and digital wallets, in addition to traditional payment rails. The update is aimed at giving firms a single approach to AML and sanctions compliance across more payment types.
Finextra ↗FIS is working with Anthropic to develop a Financial Crimes AI Agent for banking use cases. The announcement points to another major vendor adding AI tools aimed at compliance and financial crime detection.
Finextra ↗UK challenger, specialist and digital banks continued to grow in 2025, but at a slower pace than before. Loan growth fell to 4.5% from 8.9%, while deposit growth dropped to 6.7% from 12.3%.
Finextra ↗Citi has introduced a platform to help build and deploy AI agents across its business. The move signals a broader push by the bank to expand internal AI use in a controlled way.
Finextra ↗Rain has become a Mastercard principal member, strengthening its position in stablecoin-linked payments. The move supports broader use of stablecoins for consumer spending and everyday business payments.
Finextra ↗A new report from emerchantpay estimates UK consumers received £3.5 billion in refunds through friendly fraud over the past 12 months. The article highlights the scale of refund abuse in payments, but does not describe any new enforcement action or rule change.
Finextra ↗Global banks including JPMorgan, HSBC, and Citi are expanding tokenization-based payment and settlement systems. The article frames this as a quiet overhaul of financial infrastructure rather than a headline-grabbing product launch.
Finextra ↗World Liberty Financial, a Trump-linked crypto venture, has filed a lawsuit against entrepreneur Justin Sun. The company alleges he made false and defamatory statements in a deliberate campaign.
Finextra ↗Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell their payments processing joint venture, Moneris, to Francisco Partners. The deal could be worth more than $2 billion, according to the Financial Times.
Finextra ↗RS2 announced a long-term processing agreement with a major financial services partner in Latin America. The deal expands its payment processing infrastructure and technology presence in the region.
Finextra ↗AI chip maker Cerebras is reportedly preparing for an IPO that could value the company at $26.6 billion or more. The article highlights Cerebras’ close relationship with OpenAI as part of its growth story.
TechCrunch ↗Sierra has raised $950 million, giving it more than $1 billion in capital to expand its AI business. The company says it wants to become the global standard for AI-powered customer experiences.
TechCrunch ↗Anthropic and OpenAI are partnering with asset managers to push their enterprise AI offerings more aggressively. The move signals a stronger focus on selling AI tools to large business customers through joint ventures and strategic alliances.
TechCrunch ↗OpenAI and PwC are teaming up to help enterprises use AI agents in finance operations. The collaboration focuses on automating workflows, improving forecasting, strengthening controls, and modernizing the CFO function.
OpenAI ↗Appfigures says launches of visual AI models are driving much stronger app growth than chatbot upgrades. The report found these releases generate 6.5 times more downloads, although most apps fail to turn the surge into revenue.
TechCrunch ↗Zyphra introduced Tensor and Sequence Parallelism (TSP), a hardware-aware training and inference approach designed to improve GPU efficiency. The company says the method delivers 2.6x higher throughput than matched tensor-plus-sequence parallelism baselines while reducing memory use.
MarkTechPost ↗Nvidia CEO Jensen Huang pushed back on fears that AI will eliminate large numbers of jobs. He said AI is instead creating an enormous number of jobs, according to the article's excerpt.
TechCrunch ↗An AI researcher testifying in the OpenAI trial says governments should rein in frontier AI labs. The piece highlights concerns that competition among leading AI companies could accelerate an AGI arms race.
TechCrunch ↗OpenAI says Elon Musk sent threatening texts to Greg Brockman and Sam Altman after seeking a settlement in the lawsuit over the company. The messages reportedly warned that Musk and Altman would become “the most hated men in America” if OpenAI did not settle.
TechCrunch ↗TechCrunch is running a short promotion for Disrupt 2026 that gives buyers 50% off a second pass of the same ticket type. The offer is available for five days and ends Friday, May 8.
TechCrunch ↗