Every story in this issue with a short summary, so you can decide what to read before leaving the site. Summaries are written by AI (Claude) only from each publisher's own description and checked by Jev for anything not in that description. They are not full translations. Follow "Read the original" for the full story.
Rotterdam police arrested two suspects accused of a new form of bank-helpdesk fraud. The operation allegedly caused around €380,000 in losses for 170 victims in just three weeks. The suspects allegedly used AI-generated phone calls and a fake banking app to copy victims' bank cards remotely, allowing accomplices to withdraw thousands of euros.
Read the original →AXA’s lawyers have asked the UK’s Competition Appeal Tribunal to limit how a self-represented psychiatrist can use AI to support his £250,000 antitrust damages claim against the health insurer.
Read the original →Mergers and an aging workforce are pushing insurers deeper into transformation.
Read the original →SMEs bypass cyber insurance assuming they are safe. AI phishing tools have made smaller firms prime targets.
Read the original →BlackRock CEO Larry Fink is warning that delays in building data centers could do more than slow the artificial intelligence boom. They could also keep computing costs elevated, add to inflation pressure and weaken economic growth.
Read the original →U.S. stocks climbed following strong profit reports from SpaceX, Capital One Financial and other big companies. The S&P 500 added 0.6% on Wednesday.
Read the original →Most AI pilots in financial crime compliance are not failing on technology, according to Vivox AI. They falter in the space between an impressive demo and a compliance officer prepared to sign off on what the system produces. That tension dominated a private dinner hosted by Vivox AI at The Shelbourne in Dublin.
Read the original →Data-encryption platform Evervault launched Browser Tokens, a service for agentic commerce.
Read the original →Legora has raised a Series E round, joining the group of legal tech unicorns.
Read the original →Blacksmith’s $66 Mn Series C funding round was led by Sequoia Capital, with Premji Invest and Peak XV Partners also participating.
Read the original →The FCA's latest intervention on AI raises the question of whether private banks, wealth managers and financial advisers can connect their technology, data and decisions to the outcomes experienced by their customers.
Read the original →Megabanks and online banks are starting IT development in India to improve operations. Mitsubishi UFJ Financial Group plans to use AI in screening for overseas corporate investment and lending as early as fiscal 2026, while PayPay Bank will develop its core banking system in-house. India has 1.4 billion people, the world's largest population, and is known for its abundant IT talent.
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