This article discusses the key trends shaping financial services ahead of the 2025 Banking Tech Awards. It highlights insights from industry leaders on core banking modernization, AI integration, and the evolution of business models in the fintech space.

Feedzai, a Portuguese FinTech specializing in AI-driven financial crime prevention, has raised $75 million, boosting its valuation to over $2 billion. The funding round included new and existing investors and will support the company's continued innovation in fraud detection and prevention technologies.

The UK's Financial Conduct Authority has imposed a £21 million ($28 million) fine on digital bank Monzo for inadequate anti-financial crime measures, including accepting customers with addresses like Buckingham Palace. Monzo's CEO stated that the issues have been resolved, and the bank has since improved its controls following a review.