The Weekly Wrap: all you need to know by Friday COB | May 23rd

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Temenos is redefining the future of banking through its strategic embrace of agentic AI, launching tools like the Gen AI Product Manager Copilot and an AI-powered Financial Crime Mitigation Agent to automate and enhance core banking functions. These innovations, unveiled at the Temenos Community Forum 2025, reflect a broader industry shift toward intelligent, cloud-native platforms that enable banks to deliver hyper-personalised services, streamline compliance, and accelerate product development.

With successful deployments like Raiffeisen Bank in Bosnia-Herzegovina and a growing footprint across Europe, Temenos is not only expanding its global influence but also setting new standards for operational agility and regulatory responsiveness. As financial institutions face increasing pressure to modernise, Temenos’ AI-first approach positions it as a leader in transforming traditional banking into a dynamic, data-driven ecosystem, signalling a new era where intelligent systems are central to competitiveness and customer engagement.

Deals of the week

• FinTech Keep exits stealth with C$108m to support Canadian SMEs
• Revolut picks Paris for Western Europe HQ, plans €1bn France investment
• Stash raises $146m in Series H to scale AI-driven financial guidance
• Airwallex raises $300m at $6.2bn valuation, eyes Europe expansion
• Citi rolls out PayTo solution for institutional clients in Australia
• Groww set to acquire Fisdom in reported $150m all-cash deal
• M1xchange raises $10m to boost MSME supply chain finance in India
• Zopa raises $100m, marks first bond listing on London Stock Exchange
• CARITech and Finastra partner to drive core banking transformation in MENA
• Philippines’ EastWest Bank taps Temenos SaaS to modernise core banking

Be on the lookout for

The “Building a Future-Ready Bank” event will take place on June 13, 2025, in London and is organised by Cedar Management Consulting and IBS Intelligence. This summit is part of a global series aimed at helping financial institutions navigate the evolving landscape of digital transformation, regulatory shifts, and customer expectations. The London edition will bring together senior banking executives, technology leaders, and FinTech innovators to explore strategies for building agile, resilient, and customer-centric banks. With a focus on AI, cloud, core modernisation, and embedded finance, the event serves as a critical forum for shaping the future of banking in a rapidly digitising world.