Tenora Financial Group Limited (Tenora), a financial technology company providing end-to-end foreign exchange (FX) risk management, has today announced two significant milestones that mark a defining moment in its growth. Tenora's UK subsidiary, Tenora Financial Solutions Limited, has received authorisation from the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), while Macquarie Group, through its Commodities and Global Markets business (Macquarie), has increased its total shareholding in Tenora to 33%, following approval from the Australian Prudential Regulation Authority (APRA).

WealthAi, the AI operating system built for wealth management, is launching its Compliance Solution - an agentic AI tool that helps compliance teams monitor, flag and audit client communications in real time, replacing the manual spot-checks and spreadsheets that have become endemic across the wealth management industry.

Qolo, a leading fintech provider of modern treasury solutions, announced an expanded partnership with KeyBank with the launch of Key Virtual Card (KeyVC), a new virtual commercial card program that helps businesses more easily manage and track payments. The new offering allows KeyBank’s commercial clients to create and manage virtual cards directly within Key’s Virtual Account Management platform (KeyVAM). By bringing virtual cards into the same system clients already use for treasury and cash management, the program helps businesses pay suppliers more efficiently while maintaining stronger oversight of spending and reconciliation.

Northwestern Mutual is taking another significant step to drive innovation in the financial services industry, announcing a new $150 million investment to support promising startups across the fintech and insurtech landscape. Awarded through Northwestern Mutual Future Ventures (NMFV), the funds will expand the company’s total venture capital allocation to $350 million – deepening its commitment to elevating the experience for clients and the advisors who guide them.

InDebted, the global AI-native collections platform, today announced that founder Josh Foreman is moving from Chief Executive Officer to a dedicated Founder role focused on product, AI and R&D. The company has started an external search for a new CEO to lead market execution, operations and organisational leadership.

Black Ore, the AI platform for financial services, today announced the broad availability of Tax Autopilot, automating tax preparation for CPA firms. Since launching its early access program two years ago, Black Ore selectively onboarded 75 firms from a waitlist of close to 4,000 — including 40% of the Top 20 CPA firms in the country.

Support services provider MorganAsh warns of the increasing risk of AI-enabled customer vulnerability fraud, calling on firms to strengthen processes and move beyond reactive approaches to identifying and managing customer vulnerability.

Fitch Solutions, a leading global provider of insights, data, and analytics, has launched ‘Fitch Nexus’ – an MCP (Model Context Protocol) connector that allows clients to quickly access Fitch Ratings’ trusted credit insights directly through their own internal AI-based applications and LLMs, all via a single, governed interface designed for enterprise and regulated environments.

Jolt Capital, a leading private equity firm specializing in growth capital for European deeptech companies, is pleased to announce the appointment of João Rodrigues as Value Creation Partner, based in London, UK.

New research from Smarsh®, the global leader in communications data and intelligence, reveals that generative AI has rapidly evolved from an emerging tool to a fixture of daily working life for UK financial services and insurance professionals – with 61% now using it every day. However, as AI tools become embedded in all areas of work, organisations’ are struggling to keep pace with the need to monitor and govern the resulting content, creating new and potentially significant compliance risks.

Axyon AI, a leading technology provider of Agentic and Predictive AI solutions for the investment management industry, today announces the launch of the Axyon AI Top 40 Japan Large/Mid Cap Index. Building on the successful debut of its first AI-powered index on the US market last year, Axyon AI is now turning its predictive AI capabilities to one of Asia's most significant equity markets. Universe construction and calculation services are once again provided by Morningstar Indexes, the globally recognised index provider renowned for its methodological rigour, verified data, and transparent standards.

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, today announced the launch of Credit Agent, a new service which automates quote negotiation and trading for dealers providing pricing on Dealer-to-Client (D2C) venues.

Financial Risk Solutions (FRS) today announced that Bybit, a leading global cryptocurrency exchange, has selected FRS’s Invest|Pro™ software to support its PRIIPs (Packaged Retail and Insurance-based Investment Products) regulatory requirements.

The XTB investment app has launched a new in-app call verification feature, taking a major step toward improving investor safety. As cyberthreats escalate globally and scammers adopt increasingly sophisticated tactics, XTB is setting a new standard for secure communication between financial institutions and their clients.

LemFi, the leading financial services platform for underserved communities globally, is investing £100 million in the UK over the next five years as it selects London as its new global headquarters.