The UK Financial Conduct Authority is calling on politicians to draft legislation to crackdown on Big Tech and finfluencers who promote unauthorised financial schemes.

Ahead of Money20/20 in Amsterdam, Finextra spoke to Olugbenga ‘GB’ Agboola, CEO of Flutterwave, about Europe’s formula for supporting the fintech industry and how to prioritise digital trust amid global unrest and uncertainty.

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

Italian payment network Bancomat announced its EUR-BANK stablecoin during the Salone dei Pagamenti event in Milan on Thursday.

South African digital lender TymeBank has raised R1.6 billion (about $109 million) in a round joined by an Apis Partners fund and Philippines-based JG Summit.

Chinese tech conglomerate Tencent has teamed up with Visa to take its palm recognition technology for digital payments international, beginning with Singapore.

ING in Germany is to roll out a digital wealth manegement service in a pilot project with robo-advisory startup Scalable Capital.

Hauck & Aufhäuser, one of Germany’s oldest banks, recently announced a partnership with savings marketplace Raisin, integrating the platform’s products into its own ecosystem.

Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label “data wallet” that lets people store, manage and share their data.

The rise of open banking could be a major boon for consumers, but it also poses major challenges in area such as regulatory oversight, cybersecurity and changing business models, according to a report from the Basel Committee on Banking Supervision.

Morgan Stanley is launching an accelerator programme to identify and scale breakthrough innovations focused on systemic change for sustainability.