Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

The Fintech Open Source Foundation (Finos) has launched Legend, a flagship data management and data governance platform from Goldman Sachs, following pilot implementations with a host of international banks.

Elven Big Tech firms and social media platforms have signed up to a UK Online Fraud Charter to combat rising levels of scams from fake adverts and romance fraud.

SRA Watchtower, an SaaS provider of AI-powered risk management and financial insight technology, has secured $4 million in funding.

More than 40 of the world’s biggest banks have joined a UN-convened alliance pledging to align their lending and investment portfolios with net-zero emissions by 2050.

Lloyds Bank, Halifax and Bank of Scotland have seen their online services go down following an outage at Amazon Web Services (AWS).

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

London-based open banking fintech Yavrio has raised $2.4 million in seed funding to bring embedded banking to the enterprise resource planning (ERP) space.

MangoPay, a European payment technology provider for marketplaces and platforms, has acquired Dublin-based payments technology company WhenThen.

Despite the assumption that the Coronavirus pandemic will prove the last nail in the coffin, Bank of America’s head of financial institutions GTS believes demand for paper money as a security has in fact increased.

The Bank for International Settlements has appointed Riksbank’s Cecilia Skingsley as head of the BIS Innovation Hub.