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Failure to adapt to consumers' increased use of AI could see banks lose as much $170bn, according to a report from McKinsey.
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The London Stock Exchange Group (LSEG) has sold a 20% stake in its Post Trade Solutions business to a consortium of 11 banks.
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US investment bank Citi has named its current CEO, Jane Fraser, as chair of the board of directors.
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Bizcap, with its US affiliate NewCo Capital Group, has announced that it has acquired 8fig, with the move supporting its global expansion and position in technology-led business funding.
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TrueLayer, a European Pay by Bank network, has signed an agreement to acquire Zimpler, a Pay by Bank network in the Nordics.
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