iCapital, the global fintech platform shaping the future of investing, today announced a strategic partnership with LGT, a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years.

Today, Smarsh, the global leader in communications data and intelligence, reveals new research that highlights UK financial services employees’ perspectives on artificial intelligence (AI). The data indicates that while AI is fundamentally changing how UK financial services employees work and communicate, they are increasingly aware of the risks it poses to businesses without addressing training, privacy and compliance issues.

The Destination Digital report, launched today by BVI Finance, reveals the strategic priorities, challenges, and jurisdictional considerations facing global fintech businesses. Based on the views of 451 fintech executives from the world’s major financial hubs, it finds a striking 94% of global fintech leaders consider cross-border growth either critical or important to their success. In fact, 63% are already operating through entities in International Finance Centres (IFCs) showing jurisdictions play a pivotal role in how decentralised and digital first businesses operate and grow.

New analysis from the Current Account Switch Service reveals that Birmingham was the most active area for current account switching in the first three months of this year with 5,971 switches, followed by Sheffield (4,961) and Northern Ireland (4,814).

Mobey Forum, the leading global industry association empowering banks and financial institutions to innovate in digital finance, has published a visionary report titled “Embedded Finance: A Strategic Roadmap for Banks.” This comprehensive report offers actionable insights and a clear path for banks to thrive as key enablers of the digital economy.

Sumsub, a global verification leader, has partnered with Data Zoo, a global provider of authoritative business and customer identity verification data, to support financial institutions worldwide with their compliance processes. Sumsub and Data Zoo will collaborate in multiple markets, offering Sumsub’s full compliance suite of verification and anti-fraud solutions with Data Zoo’s growing global data capabilities.

Raymond James Ltd., the largest independent financial services firm in Canada, today announced a strategic partnership with FNZ, a global wealth management platform provider, to deliver its next-generation wealth management platform. Under the agreement, Raymond James Ltd. will make a significant investment to accelerate the digital transformation of its wealth management infrastructure and elevate the advisor and client experience nationwide.

Capchase, the leader in tech-powered vendor financing for B2B software and hardware companies, today announced the acquisition of Vartana, one of the first tech-forward vendor financing platforms.

Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced the launch of its Collections 2.0 Suite.

Ozone API, the global leader in open banking technology, is proud to announce a new partnership with Plaid, the leading financial data network powering the digital financial tools that millions of people rely on.

Fundbox, the leading provider of embedded capital infrastructure for small businesses, has joined forces with the founding team of Vaya Technologies Inc.

Global fintech Unlimit has expanded its existing principal license with Visa in Mexico to include card issuance to the fintech’s local offering.

Zopa, the digital bank pioneer trusted by 1.5 million customers, has entered the UK current account market.

A study by BT in partnership with Be the Business reveals that two in five (39%) SMEs, equivalent to two million businesses, have not arranged cyber security training for their teams1 – despite four in ten (42%) small businesses having experienced a cyber attack in the last 12 months, increasing to two in three (67%) for medium-sized companies2. 

Of the 59% of UK companies currently using AI, more than three quarters say it has improved their productivity (82%) or profitability (76%).