JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.

The social media platform formerly known as Twitter received approval for payments services from Pennsylvania, building on Musk’s ambitions of transforming X into an “everything app” where users can conduct their “entire financial life” on the app.

The Financial Conduct Authority is to establish a new company formed by 31 firms to enable variable recurring payments in the UK.

Lilia Christofi, formerly Microsoft’s head of banking in Emea, has joined PwC to lead the consulting firm’s financial services data and AI team.

Deutsche Bank has become the first top tier European institution to join JPMorgan’s Interbank Information Network (IIN), a landmark milestone for the DLT-based payments settlement system.

Savings and investment app Acorns has acquired the assets of EarlyBird, a “family wealth and digital memory” platform for kids. Financial terms were not disclosed.

The proof-of-concept of what has been dubbed the Regulated Settlement Network (RSN) showcased the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of US dollars and regulated securities.

Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round.

PayPal scammers are using an old Docusign trick to enhance the trustworthiness of their phishing emails.

Mastercard has welcomed five new firms to its Start Path startup programme specifically for firms in the cryptocurrency and blockchain space.