Stablecoin infrastructure startup Noah has teamed up with consumer money movement app Fin.com to roll out virtual EUR and USD bank accounts to hundreds of thousands of users globally.

BMO is to transfer large portions of its commercial and investment banking operations to Amazon Web Services in an effort to streamline its internal business processes and develop new customer-facing applications.

The initiative supports the COP30 Presidency’s goal of accelerating climate finance for forests and developing economies. Brazil, as host nation, is placing strong emphasis on halting and reversing deforestation and forest degradation by 2030.

UK-based regtech eflow Global has raised £7 million in a Series A funding round led by Finch Capital.

Chase UK has become the latest bank to ban crypto-related transactions from its mobile app in the face of escalating fraud fears.

The instantaneous availability of compute power in the cloud is supporting an explosion of data consumption in the financial services industry. In order to manage the vast amount of information in competitive and fragmented markets and derive actionable insights, a new approach to data management is essential. And financial institutions (FIs) are increasingly looking to the cloud.

NAB, CIBC, Itaú Unibanco and NatWest Group have joined forces with Amazon Web Services to run a global open finance challenge, inviting fintechs, universities and other large organisations to prototype and develop new digital banking services.

Open Banking could realise £18 billion in value for British people and small businesses over the course of a year, claims an independent report, but only if the industry, government and regulators act to ensure the project realises its potential.

Capital One Ventures has invested $24 million in cloud security intelligence firm Securonix in conjunction with a strategic partnership.