Metro Bank has launched a partnership with Covecta, an artificial intelligence (AI) platform for financial services. The collaboration, announced Tuesday (March 18), will deploy Covecta’s third-party agentic AI solution across Metro’s corporate and commercial credit businesses. That solution, the British lender said in a news...
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to...
The United Kingdom’s finance regulator fined Metro Bank for failing to monitor money laundering risks. The Financial Conduct Authority said Metro must pay 16.7 million pounds (about $21 million) for a lack of proper money laundering protections on 60 million transactions between 2016 and 2020,...
Meta launched an anti-fraud information-sharing partnership with banks in the United Kingdom. The Fraud Intelligence Reciprocal Exchange (FIRE) is a “threat intelligence sharing program” that lets banks share information with Meta directly so the tech giant can use it to stop scammers, according to a...
December 10, 2024
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to bring financial services and products to just about anyone who […]
June 15, 2025
The U.K.’s Metro Bank has reportedly been approached about a possible private equity takeover. Pollen Street Capital made an informal approach to the bank in recent weeks, the Financial Times (FT) reported Saturday (June 14), citing sources familiar with the matter. PYMNTS has contacted Metro Bank for comment but has not yet gotten a reply. […]
March 17, 2025
Metro Bank has launched a partnership with Covecta, an artificial intelligence (AI) platform for financial services. The collaboration, announced Tuesday (March 18), will deploy Covecta’s third-party agentic AI solution across...
November 12, 2024
The United Kingdom’s finance regulator fined Metro Bank for failing to monitor money laundering risks. The Financial Conduct Authority said Metro must pay 16.7 million pounds (about $21 million) for...
October 02, 2024
Meta launched an anti-fraud information-sharing partnership with banks in the United Kingdom. The Fraud Intelligence Reciprocal Exchange (FIRE) is a “threat intelligence sharing program” that lets banks share information with...