May 2025 – Page 7 – FintechDaily

Singapore Develops Software Toolkit for Responsible AI Use in Financial Institutions

The Monetary Authority of Singapore (MAS), in collaboration with 27 industry stakeholders, has introduced an open-source toolkit aimed at promoting ethical and responsible use of...

UK Regulators Release AI Report

The Bank of England and the Financial Conduct Authority have concluded a comprehensive year-long investigation into the utilization of data, model risk, and governance regarding...

BBVA Expands Agreement with OpenAI to Include 11,000 ChatGPT Licenses

BBVA has significantly expanded its ChatGPT Enterprise licenses, increasing the total from 3,300 to 11,000. This decision comes after the bank observed that the technology...

CommBank Heads $100 Million Series E Investment in H2O.ai

Cloud-based artificial intelligence platform H2O.ai has successfully secured $100 million in Series E growth funding, with Commonwealth Bank of Australia leading the investment. Based in...

VTB Tests Voice Assistant Capable of Anticipating Client Needs

Russia's VTB Bank is projecting a 30% increase in call center automation with the rollout of a new voice assistant designed to anticipate customer needs....

Zopa Secures £80 Million in New Funding Before Launching Bank Account

Zopa Bank has successfully raised £80 million through its inaugural bond listing on the London Stock Exchange, signaling its readiness to introduce current accounts. Jefferies...

Standard Chartered Collaborates with Starling’s BaaS Platform for Eco-Friendly Savings Product

Standard Chartered's innovation division is collaborating with Starling Bank to develop a new digital platform aimed at empowering UK savers to invest in environmentally friendly...

ING Labs Spinout Secures $16M for AI-Driven Search Engine Software

SeMI Technologies, a startup emerging from ING Labs, has successfully secured $16 million in funding for its open-source Weaviate vector-search database. The Series A funding...

Blockchain: A Catalyst for Sustainable Finance

The Bank for International Settlements (BIS) Innovation Hub is advocating for the integration of distributed ledger technology (DLT) to enhance the efficiency of the green...

What to Gift a Friend Who Has It All? A Revolut Subscription Plan!

Revolut is enhancing its paid subscription offerings by introducing a new feature that allows users to gift premium annual plans to their friends and family....