UK’s Starling Bank to Streamline Operations with Significant Workforce Reduction

UK digital bank Starling has outlined plans to cut around 130 positions as it undertakes a restructuring of its banking and technology teams. The initiative, described by the company as an efficiency measure, seeks to simplify internal processes, eliminate overlapping responsibilities, and accelerate the rollout… Read More

BBVA Completes AI Agent Initiated Payments with Visa in European Milestone

BBVA has completed the first real-world transaction initiated by an artificial intelligence agent on behalf of one of its cardholders. Conducted in collaboration with Visa (NYSE: V), this test demonstrates that AI systems can now securely handle purchases using existing payment networks and live merchant systems…. Read More

Fintech Klarna Submits Application for US Banking License

Klarna (NYSE:KLAR), the global digital bank and payments provider, announced on July 6, 2026, that it has formally applied for approval to establish its own banking subsidiary in the United States. The company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit… Read More

BNPL Fintech Klarna Partners with Money Wellness to Provide Financial Wellbeing Checks to UK Consumers

Klarna (NYSE:KLAR) has announced a new partnership with financial wellbeing specialist Money Wellness. Launched recently this month, the collaboration gives Klarna customers straightforward access to a complimentary financial assessment known as the Money MOT. The service provides users with a clear, individualized snapshot of their… Read More

Banco Santander Releases AI Projects as Open Source to Encourage Collaboration from Industry Participants

Banco Santander (NYSE: SAN) has released more than a dozen of its internal AI initiatives on GitHub under a permissive open-source license. The move, led by the bank’s AI Lab, makes specialized tools freely available to developers, researchers, and professionals worldwide, with the explicit goal… Read More

UK Payment Systems Regulator (PSR) Confirms APP Fraud Reimbursement Policy Delivers Strong Positive Results

The United Kingdom’s Payment Systems Regulator (PSR) has announced that its mandatory reimbursement rules for authorised push payment (APP) fraud are producing clear overall benefits for consumers and the wider payments sector. Authorized push payment scams occur when individuals are tricked into authorizing transfers directly… Read More

London based Fintech Thought Machine Reports Steady YoY Revenue Growth

London-based fintech Thought Machine has crossed a key financial threshold, with total revenue for the financial year ending December 2025 exceeding $100 million. The achievement was formally confirmed by the filing of the company’s latest audited accounts with the UK registrar. This performance reflects steady… Read More

Onbe Report Outlines Overwhelming Consumer Desire For Digital Payouts

A new report from Onbe and NRG illustrates how consumer preferences for how they receive corporate payouts have changed in the digital age. 2026 Payouts Landscape: How mobile-first behavior is rewiring consumer expectations for corporate payouts is available here. Roughly 89% of consumers prefer digital… Read More

Microblink Report Shows How AI’s Changed Fraud

Security firm Microblink’s report Mapping the Rise of AI-Powered Identity Fraud describes how AI’s widespread availability and ease of use have changed how criminals commit fraud, and how security companies stop them. AI has erased human limitations. It is now easy to operate across multiple… Read More

AI, MiCA, BTC and Stablecoins: Digital Assets Thoughts of the Week

This week, Digital minds were focused on acronyms – AI, MiCA, BTC and OUSD. AI “Everyone is focused on whether OpenAI or Anthropic reaches the public markets first, but that assumes the future of AI will be decided by model providers. Whether that’s the right assumption… Read More

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