Barclays pays £180m for loss-making UK fintech Gohenry Banking Barclays has snapped up the UK arm of money management app Gohenry in a bid to “turbocharge” its ambitions for youth banking and the mass affluent market. The blue-chip lender revealed on Friday it had bought the fintech firm from its parent company, Acorns, for an undisclosed sum in a deal that is expected to [...]
Ropes & Gray offers junior lawyers 20 per cent billable credit for AI effort Legal US law firm Ropes & Gray has expanded its programme to give junior lawyers 20 per cent of their billable hours to experiment with generative AI to its European offices, including in the City. The ‘TrAIlblazers’ programme was floated across the firm’s US offices last year, but it is now being implemented in Europe for [...]
The five fintech segments to watch Fintech Global fintech funding slumped to its worst half-year in five years in the first six months of 2025. Investment reached $44bn (£32.47bn), falling from $54.2bn the year prior, whilst the number of deals fell from 2,376 to 2,216. Weak investment in the three months to June 31 2025, hurt the headline figures, with just $18.7bn [...]
Banks turn to AI to lead fraud prevention efforts March 23, 2025 As Britain’s biggest banks scale up their technology, lenders are turning to AI to fight fraud, a new report has found. NTT Data’s ‘Banking Trends 2025’ report found over half of UK banks thought generative AI was key to fraud prevention. Lenders have been urged to up their consumer protection abilities after Chair of the [...]
PwC UK profit falls as partner pay drops to £862,000 against backdrop of AI push September 25, 2024 PwC UK has reported single-digit growth in revenue but on the backdrop of the groups profits and partner pay dropping, again