Latest
Reporting and analysis on the institutions, products, rules, and technology shaping UK finance.
- · Payments and open banking
ApprovalMax adds AI checks for unusual supplier bills
ApprovalMax has launched AI tools that compare supplier bills against a company's own previous activity with a supplier and flag unusual amounts or patterns, though human approvers still make the final call.
- · Explainers & Guides
What PSD3 means for UK businesses taking payments in Europe
PSD3 and the EU's Payment Services Regulation are still provisional, not UK law. Here's what they would change, and where UK merchants and payment firms serving EU customers could still feel it.
- · Fintech News
Revolut hunts for a signature scent as it builds physical spaces
Revolut is hunting for an agency to design a signature scent as it builds a Barcelona store and a Copenhagen airport lounge, extending its brand beyond the app. No fragrance, agency, UK location or launch date has been confirmed.
- · Open Banking
UK open banking tops 1bn payments as Pay by Bank goes recurring
UK open banking has passed 1 billion cumulative payments, but the real test is whether commercial variable recurring payments can turn Pay by Bank into a genuine subscription alternative.
- · Fintech News
eToro connects eligible UK accounts to ChatGPT, Claude and Grok
eToro has launched connectors letting eligible UK customers link their investment account to ChatGPT, Claude and Grok, with eToro saying proposed trades require the customer's review and approval before they go ahead.
- · Digital Banks
Revolut boss favours New York as primary IPO venue
Revolut's Nik Storonsky says New York is his target for a primary listing, but no final flotation decision has been announced and an IPO is not expected before 2028.
- · Banking, payments and open banking
FIS launches agentic AI suite for CFO cash and risk decisions
FIS has launched Agentic Insights Suite, combining treasury, ERP and external data to forecast cash and score risk — raising data quality and oversight questions for UK finance teams before it reaches credit or liquidity decisions.
- · Fintech for Business
Kord launches legal sort code, claims anytime settlement
Kord says Custody gives verified UK law firms a dedicated sort code for anytime transfers of client funds, but its speed, delay-reduction and fraud claims are the provider's own.
- · Payments
Visa and Mastercard face £700m UK claim over post-Brexit fees
A proposed opt-out claim seeks about £700m from Visa and Mastercard for roughly 126,000 UK businesses over post-Brexit card fees, but the Competition Appeal Tribunal has yet to certify it.
- · Crypto, Stablecoins & Tokenisation
Qivalis's 37-institution euro stablecoin awaits Dutch approval
A 37-institution consortium has built Qivalis towards a euro stablecoin, but Dutch authorisation is still pending. UK firms handling the token may still fall within FCA rules, even though Qivalis itself would not be FCA-authorised.