PayPal’s blockchain partner Paxos accidentally minted $300 trillion in stablecoins in an internal transfer on Wednesday.

Sber has developed a cloud platform for AI model training that the Russia bank says will help data scientists push ahead with their experiments.

In light of the European Commission’s call for comment on the Renewed Sustainable Finance Strategy, the Association for Financial Markets in Europe (AFME) posited that the cornerstone of future policies should be transition in the real economy – non-financial sectors – and banks should encourage and support them to reflect on uptake, effectiveness and identify issues and gaps in their current approach.

M1 Finance has raised $45 million in a Series C funding round for its “super app” offering automated investing, borrowing and banking products.

Coventry Building Society’s £780 million takeover of the Co-operative Bank has been given regulatory approval.

German sustainable fintech startup Tomorrow has raised €14 million in financing and outlined plans to secure another €5 million in a crowdfunding campaign.

NatWest has banned WhatsApp, Facebook Messenger and Skype on company phones and computers amid concerns about regulatory scrutiny of record keeping.

Anthony Thomson, the founder of Metro Bank and Atom Bank, is seeking to shake up the private banking market with the creation of a new international bank to serve family offices and ultra high-net-worth individuals.

Hosting the second roundtable of the event, Sulabh Agarwal, global head of payments at Accenture spoke with Simon McConnell, European clearing head, treasury and trade solutions at Citi; and Bruno Mellado, global head of payments and receivables at BNP Paribas about navigating the testing waters of transformation for banks.

Deutsche Börse has led a $15 million funding round in Clarity AI, a Spanish fintech firm that uses machine learning and big data to help investors understand the sociatel impact of their investment portfolios,

The Swiss Financial Market Supervisory Authority (Finma) is opening bankruptcy proceedings against investment banking challenger FlowBank following serious and repeated breaches of its capital requirements.