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London-based fintech startup Bound has raised $24.5 million in a Series A funding round to further develop its automated FX hedging platform and pursue regulatory authorization in the EU. The platform uses AI and machine learning to help businesses manage their foreign exchange risk.
Spire, a fintech company, has hired former Fiserv executive Jennifer LaClair as its new CEO to help grow its pay-by-bank services, which allow consumers to make direct payments from their bank accounts to merchants. The company has also raised $10 million to expand these services.
Lloyds Banking Group announced that its use of generative AI generated £50M in value in 2025, and they have set a target of over £100M in value from 'next gen' AI by 2026. This includes rolling out an AI-powered financial assistant to their 21M users and launching an AI Academy to upskill their 67,000-strong workforce.
Canadian fintech company Neo Financial has raised C$68.5 million in equity to fund a securitization program that will help expand its lending portfolio.
ClearBank and Volt have partnered to launch GBP and EUR merchant accounts, bringing open banking capabilities closer to 'card parity' with features like automated reconciliation, instant refunds, and full payment visibility. This helps drive the adoption of open banking and AI-powered payment processing in the financial services industry.
The article reports that a joint study by Kearney and Ctrl Alt projects the GCC tokenization market to reach $500 billion by 2030, driven by initiatives like the Dubai Land Department's AED 60 billion real estate tokenization project. This represents a significant opportunity for the application of AI and blockchain technology in the banking and real estate sectors.
Singapore Gulf Bank has launched a new platform called SGB Net that allows institutions to mint and settle USDC and USDT stablecoins in real-time alongside USD, with the platform already reaching $2B in monthly volume.
ThriveCart has launched a card-linked BNPL alternative called ThrivePay Installments, which uses existing credit limits to offer 85% approval rates on high-ticket digital sales, providing merchants with upfront payouts without originating new consumer debt.