AI Takes Over Banks?!

What we’ll cover today:

💥 Celsius CEO’s 12-year sentence (and why crypto execs are sweating)

🤖 OakNorth’s bold move with OpenAI tools

🔥 Why fintech leaders say AI-first banking is the next gold rush

📅 Upcoming fintech events you can’t miss this month

Celsius CEO Alex Mashinsky sentenced to 12 years 🚔

Alex Mashinsky, the big boss of Celsius Network, just got slapped with 12 years in jail for a massive crypto fraud.

🚨Breaking News
Mashinsky’s jail time comes after a $4.7B FTC settlement, adding him to the crypto criminal hall of fame alongside SBF and CZ.

⚡Wire Simplified –

• Mashinsky ran Celsius, a crypto lending platform that blew up... in a bad way.

• He’s guilty of misleading people and losing tons of customer money.

• The $4.7B fine is one of the biggest in crypto history.

• Other crypto bosses like SBF (25 years) and CZ (Binance) have also faced jail time.

• Terraform Labs’ Do Kwon settled too—yep, crypto jail is getting crowded.

✔️Straight to the Point –
The crypto world keeps taking Ls—Mashinsky’s sentence is another reminder that shady moves = serious jail time.

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OakNorth banks on OpenAI partnership 💸🤖

UK bank OakNorth just teamed up with OpenAI (yep, the ChatGPT peeps) to supercharge its digital banking game.

🚨Breaking News
OakNorth’s using custom GPT tools from OpenAI to make banking faster, smarter, and way more personalized for biz customers.

⚡Wire Simplified –

• OakNorth is a bank for small-to-mid businesses—based in the UK.

• They’ve already loaned $17B using smart tech by their sister co., ONCI.

• Now, they’re adding OpenAI’s tools to speed up loans and customer service.

• The goal: use AI across everything—from lending to behind-the-scenes tasks.

• They’re also expanding into the US, buying Michigan’s Community Unity Bank.

✔️Straight to the Point –
OakNorth is flexing hard on AI, betting that smart tools = faster service + better decisions. Big move for biz banking.

European FinTech Summit 2025
This event brings together Europe’s FinTech community to discuss the future of banking, payments, and digital currencies, along with showcasing innovative startups.
Date: June 2025 | Location: Brussels, Belgium

Book your seat here