Digital banking giant Revolut has appointed Frederic Oudea, former chief executive at Societe Generale, as chairman for its Western European operations.

Nationwide has moved its public-facing website to Microsoft Azure, marking the building society’s first application to be hosted in the Microsoft cloud.

India has postponed the roll out of a cap that would limit the market share of third party app providers using the country’s Unified Payments Interface (UPI).

Lloyds Banking Group has hailed the success of its inhouse Innovation Sandbox as a key measure in improving its ability to collaborate with fintechs.

HSBC UK has become the first bank in the UK to launch a video call support feature as part of its online advice service, My Investment.

Speaking at the Temenos Community Forum at Vienna earlier this year, Finextra interviewed Adam Gable, product director of financial crime, treasury, and risk at Temenos, and Hani Hagras, chief science officer at Temenos to discuss how instant payments has been a catalyst to accelerate speed and innovation in financial crime mitigation.

PwC has signed on as a strategic implementation platform for Starling Bank’s Software-as-a-Service platform, Engine.

The environmental footprint of a person’s yearly use of euro banknotes is equivalent to driving 8 km by car, or 0.01% of an individual’s total carbon consumption, according to a study by European financial authorities.

AI-powered credit intelligence platform AIR has raised $6.1 million in a seed funding round co-led by Work-Bench Ventures and Lerer Hippeau.

Rachel Reeves, UK Chancellor, announced reductions to allowance for tax-free cash savings in a push to get the public to allocate more funds into stocks and shares to boost the economy. However, backlash from building societies and banks has led to these plans being shelved.