By the numbers: AI lands 37% of 2024 venture funding
AI captured 37% of venture funding and 17% of equity deals in 2024. A record $100 billion was raised globally...
JPMorgan Chase’s in-house wealth solution takes off
More than 10 million JPMorgan Chase customers are tapping the bank’s digital financial planning tool the platform every 90 days,...
48% of SMBs to add AI applications in 2025
Forty-eight percent of small business owners plan to incorporate AI applications into their businesses this year, a 50% increase from...
Lloyds doubles down on AI initiatives in 2025
British retail bank Lloyds Bank’s strategy involves revving up its AI initiatives in 2025. The $1.1 trillion bank revealed to...
ClearBank sees payment processing time drop by 80%
ClearBank is seeing its payment processing time decrease 80% after integrating AI. The Bristol, U.K.-based clearing agency and banking platform...
Eltropy chatbot reduces credit union’s call volume by 20%
Credit union TruStone Financial is using an automated chatbot from digital conversation platform developer Eltropy to reduce call center volume. ...
Fintech funding to ‘stabilize’ in 2025, VCs to prioritize AI fintechs
Fintech funding continued to drop in 2024, partly due to macroeconomic conditions, but investors expect funding to stabilize in 2025. ...
Movers and Shakers: Symes to be new CFO at Checkout.com
Payments service provider Checkout.com has appointed Philip Symes as its interim chief financial officer, according to a release from the...
Transactions: Red Hat to host SBS solutions
Red Hat’s cloud platform OpenShift will now host digital solutions for digital banking service provider SBS, according to a Dec....
Klarna fined $46M for neglecting fraud regulations
Klarna, the Swedish fintech that provides buy now, pay later services, was fined 500 million Swedish Kronor ($46 million) by...
