The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.

Dutch bank ABN Amro is working with AI platform Complidata to automate its trade finance operations.

The Intercontinental Exchange has been hit with a $10 million penalty for the failure of its subsidiaries – including Nyse – to quickly report a cyber intrusion to the Securities and Exchange Commission.

Abu Dhabi has stepped up its efforts to establish itself as the digital assets centre for the Middle East with the launch of a new financial ‘cluster’.

A team of developers from Venice has scooped the $100,000 grand prize for PayPal’s 2015 Battlehack series, marking the culmination of a globe-trotting hackathon that took in 14 cities worldwide.

Mobile banking firm MoneyLion has agreed to be acquired by tech group Gen Digital in a $1 billion cash deal.

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant’s shares down more than four per cent in afternoon trading.

Ex-Barclays boss Antony Jenkins has decried banks as “museums of technology” who have failed to properly embrace true digital transformation and are consequently shedding huge numbers of customers to more nimble tech-first rivals.

Trust2Connect (T2C), a startup founded by former Equifax executives, has unveiled an AI-driven Know Your Business platform to streamline B2B verification, accelerate account openings, and mitigate payment risks.

French payments processor Worldline has entered a strategic collaboration with local fintech Fipto to integrate stablecoins into European payment rails.