The High Court of New Zealand has set the first hearing in a $4.6 billion class action lawsuit brought by former employees against FNZ Group and 17 of its current and former directors.

During the last panel of EBAday 2024, Patricia Hines, head of banking and payments at Celent talked all things AI with Sara Amara, head of currency and clearing Europe at HSBC; Gurumurthy Palani, head of transaction banking at Gulf International Bank; Christian Sarafidis, chief executive EMEA financial services at Microsoft; and Andy Schmidt, vice president, global industry lead – banking at CGI.

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.

More than half of asset owners and managers think that blockchain will be widely adopted in the investment industry in the next five years, yet many admit they do not know enough about it and hardly any have begun experimenting with the technology, according to a State Street survey.

Singapore ride-hailing app Grab is to move into the robo-advisory space with the acquisition of WealthTech startup Bento.

Payment identity network iPiD has joined forces with Microsoft to builds an AI-powered name-matching tool for Verification of Payee (VoP).

Explaining the development of The National Underground Asset Register (NUAR) currently in pilot, a panel at Sustainable Finance.Live discussed the complexities involved in data sharing across organisations and across countries.

With one eye on an IPO, London-based buy now, pay later firm Zilch has raised $176.7 million in debt and equity.

Swiss bank UBS has announced a series of changes to its executive team including a reshuffle of its operations and technology roles.

Dutch co-operative Rabobank has used a low-code platform from Siemens’ subsidiary Mendix to rebuild an online-only banking portal that manages €18 billion for over 500,000 Belgium- and German-based corporate customers.