Latest Retail banking News: Finextra Research

OpenFX raises $23m to bring real-time settlement to cross-border payments

Foreign exchange infrastructure company OpenFX has emerged from stealth with $23 million in funding led by Accel.

26 May 2025

Temenos Community Forum opens the floor to AI governance

Setting the tone for the second day of Temenos Community Forum, Dr Jonnie Penn, associate teaching professor of AI ethics and society, University of Cambridge delivered a speech on both the growth of AI and the task of governing its ethical standards.

23 May 2025

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US to kill off the penny

The US Treasury has confirmed plans to phase out the penny, with one cent coins no longer produced from next year.

23 May 2025

/retail

Slash raises $41m for 'vertical banking'

Slash has raised $41 million at a $370 million valuation for its business banking platform that promises to end the one-size-fits-all model and instead provide bespoke offerings for different industries.

23 May 2025

/retail

Curve Wallet to compete with Apple Pay on iOS devices

After arriving on Android, London-based digital wallet curve has taken advantage of the opening up of the iPhone NFC interface to provide a compelling alternative to Apple Pay on iOS devices.

22 May 2025

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BBVA overhauls mobile app with AI and virtual financial coach

BBVA has overhauled its mobile app to offer faster response times and more personalisation through AI integration.

22 May 2025

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Digital pensions fintech Penfold raises £3.9 million

Digital pension provider Penfold has raised £3.9 million in a funding round led by Gresham House Ventures.

22 May 2025

/retail

Google launches agentic shopping experience

Google is to launch an agentic shopping experience within search results, enabling shoppers to set a price for a particular product and allow the AI agent to make the purchase.

22 May 2025