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Compliance Leadership Becomes a Growth Priority as UK Payment Firms Respond to Record Enforcement Pressure
The Financial Conduct Authority imposed more than £124 million in fines during 2025,
Aave Launches on Soneium by Sony Block Solutions Labs, Expanding DeFi Access via a Fast-Growing Ethereum Layer 2
Aave, the leading decentralized finance (DeFi) liquidity protocol, has successfully deployed on Soneium, a new Ethereum Layer 2 developed by Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group.
Appointment of Philippa Greenwood to the Westpac Board
Westpac Banking Corporation (Westpac) has today announced the appointment of Philippa (Pip) Greenwood as an independent Non-executive Director, subject to regulatory approvals. Pip is expected to join the Board on or around 1 August 2025.
Bitget Wallet and Entravel Partner to Enable Discounted Luxury Hotel Bookings With Crypto
Bitget Wallet, the leading non-custodial crypto wallet, has partnered with Entravel, the world’s largest crypto-native hotel booking platform, to offer users access to a private club of over one million luxury hotels and resorts worldwide at exclusive, members-only rates. The integration introduces a new way for Bitget Wallet users to spend their digital assets on real-world experiences, directly within the app.
KGI Securities Singapore implements Scila Risk For True Real-time, Multi-asset Risk Management
Scila AB, a leading provider of innovative risk and surveillance solutions for the financial industry, today announced that KGI Securities Singapore (KGI), a prominent financial services group in Southeast Asia, has successfully implemented Scila Risk within its Singaporean operations. The solution covers equities as well as equity, commodity and FX derivatives, and Spot FX.
Sure Launches Insurance Industry's First Model Context Protocol (MCP) Capability, Enabling AI Agents to Quote, Bind, and Service Policies
Sure, the insurance technology leader that unlocks the potential of digital insurance, today announced the launch of the insurance industry's first Model Context Protocol (MCP) capability that enables AI agents to autonomously quote, bind, and service insurance policies. The first of its kind infrastructure is a seismic shift in how insurance operates globally, with Sure providing the technology rails for artificial intelligence to seamlessly interact with insurance systems end-to-end.
Databricks Unveils Databricks One: A New Experience to Bring Data and AI to Every Corner of the Business
Databricks, the Data and AI company, today announced the launch of Databricks One, a new experience that gives all business users simple and secure access to the data and AI capabilities offered by the Data Intelligence Platform.
Whalet Joins Forces with TerraPay to Empower SMEs with Seamless Global Payouts
Whalet, a leading digital payment provider, has announced a strategic partnership with TerraPay, a global money movement company, to deliver seamless cross-border payout solutions worldwide.
Paynt Acquires Canada-Based E-xact Transactions to Accelerate North American Expansion
Paynt, a leading European payment technology company, today announced its acquisition of Canadian firm E-xact Transactions, marking a major milestone in the company's strategic expansion across North America.
Worldpay and Visa Join Forces to Boost Authorizations, Enhance Shopper Experience
Worldpay® has expanded its partnership with Visa to enhance the payments leader’s 3D Secure (3DS) solution, which can help merchants reduce fraud while reducing consumer friction and boosting authorizations.
bolt Partners with Arch Insurance to Expand Reach of Annual Multi-Trip Insurance Plan for Travelers
bolt, the insurtech with the world’s largest technology-enabled insurance exchange, today announced its partnership with Arch Insurance, a top-rated provider of specialty insurance solutions, to expand access to Arch’s Annual Multi-Trip Travel Insurance plan to travelers via agents using the bolt platform
Farsight Raises $16M in Funding, Announces Series A to Automate Financial Workflows and Decision-Making
Farsight, the pioneering technology company transforming workflows and insights at financial institutions, today announced its Series A fundraise and $16M in capital raised. Working with leading firms across investment banking, private equity, hedge funds, and wealth management, Farsight empowers companies to automate and customize workflows, seamlessly add integrations, and develop bespoke features tailored to their enterprise-specific challenges.
This round was led by SignalFire, with participation from RRE Ventures, Link Ventures and K5 Ventures as well as contributions from many strategic angel investors at firms including Blackstone, Oaktree, Searchlight, Bank of America and more. The funding will be used to continue advancing Farsight's industry-leading solution and rapidly scale its team, while expanding its network of partners and customers.
Co-founded by MIT graduates Samir Dutta, Noah Faro, and Kunal Tangri, Farsight is reimagining how financial institutions operate—tackling not just inefficiency, but enabling sharper execution and unlocking new business opportunities. Although some estimates show that over 40% of finance tasks could be automated, many junior and mid-level employees continue spending time on manual, repetitive work. This inefficiency delays the creation of valuable insights and prevents teams from focusing on strategic decision-making.
"Finance has been trapped in an endless cycle of inefficient processes that waste billions annually and contribute to high employee turnover," said Samir Dutta, Co-Founder and CEO of Farsight. "At Farsight, we're solving a systemic problem—not just by automating tasks like CIM generation and DCF modeling to boost productivity and accuracy, but by empowering teams to execute faster, seize more opportunities, and bring more strategic value to the table. By freeing talent from the drudgery of manual work and surfacing new actionable ideas, we enable firms to operate with greater agility, win more deals, and scale intelligently."
Farsight's technology stands apart due to its ability to execute complex workflows directly within the existing behavior patterns of users. The outcomes speak for themselves: in 2024, Farsight experienced record growth, with revenue increasing tenfold and the customer roster expanding 5x.
"As recovering investment bankers ourselves, we immediately saw the power of Farsight to save countless all-nighters," said Wayne Hu, Partner at SignalFire. "Samir, Noah, and Kunal combine a unique blend of AI, security and trust, and deep user empathy themselves to build the end to end workflow, datasets, and controls needed to actually bridge the last mile problem for analysts across the finance sector and generate the self-reinforcing feedback loops to continually improve."
Investbanq Accelerates Digital Breakthrough in WealthTech
Investbanq, the AI-powered wealth operating system for family offices, asset managers, and banks, has secured US$3 million in Pre-Series A funding
Sedric Partners with HSBC Innovation Banking to Accelerate Global Growth
Sedric announced it has secured a strategic venture loan from HSBC Innovation Banking
Greenlight Survey Data Reveals Family Financial Wellness as a Growth Opportunity for Financial Institutions
Greenlight® released new survey data revealing a significant opportunity for financial institutions to drive long-term growth and loyalty by prioritizing family financial wellness
Former NatWest CEO Alison Rose, IDB Chairman Ilan Kaufthal and Former Chase CRO Marshall Lux Join ThetaRay Advisory Board
ThetaRay announced the appointment of three distinguished financial industry leaders to its Advisory Board
- Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation Read more
- CLS Appoints Six New Board Directors Read more
- Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World Read more
- SumUp Launches in Canada Read more
- European Fintech Association Elects New Board of Directors Read more
