JCB to begin Phase 2 trials of offline CBDC
Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).
Charles Schwab to buy private markets platform Forge for $660m
Wall Street broker Charles Schwab has splashed out $660m to acquire investment platform Forge Global in a sign of the growing interest in private investment markets.
BIS Innovation Hub sets sights on stablecoin monitoring
The Bank for International Settlements has set out the plans for its Innovation Hub network in 2023, including work on the systemic monitoring of stablecoins.
Innovate Finance calls on the Government to set up National Anti-Fraud Centre
Fintech trade body Innovate Finance is calling on the UK Government to set up a National Anti Fraud Centre for cross-sector data sharing and introduce shared liability for social media and telecommunications firms
G20’s cross-border payments plan to miss 2027 deadline
Payment firms have reacted with disappointment to the news that a plan promoted by the G20 to make cross-border payments more efficient is set to miss its first deadline.
Asia to dominate global fintech market – report
Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.
DataScan CEO Brian Koprowski on new commercial lending tools
DataScan aims to address gaps in managing the commercial lending life cycle for dealers through the latest iteration of its…
Digital Token Identifier to monitor crypto-derivative risk across G20
The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.
Sardine raises $70m for AI fraud platform
Sardine, an AI risk platform for fraud, compliance, and credit underwriting, has raised $70 million in a Series C funding round led by Activant Capital.
Fed cuts rates with three dissents, projects one cut in 2026
Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026. The…
AutoPayPlus makes second executive move to reinforce finance leadership
AutoPayPlus by US Equity Advantage made its second executive move in the past two months, announcing this week that David Lee has joined the company as director of finance and controller. In this role, AutoPayPlus said Lee will be responsible … [Read More]
Ousted OpenAI boss to work for Microsoft
Sam Altman, the former CEO of OpenAI, the developer of generative AI platform ChatGPT, has resurfaced at Microsoft just days after he was pushed out by the board of directors.
RTGS.global adds 23 currencies to cross-border payments network
Cross-border payments network RTGS.global has added 23 currencies to its platform, enabling instantaneous settlement between participating financial institutions vis a single API connection.
Alpian raises CHF12.2m for digital private bank
Swiss startup Alpian has raised CHF12.2 million in a Series A funding round for the creation of a digital-first private bank aimed at the country’s mass affluent market.
Alkami raises $140m
Cloud-based digital banking technology vendor Alkami has raised $140 million in a funding round led by D1 Capital Partners.