Buy now, pay later giant Klarna has scored an Electronic Money Institution licence from the UK’s Financial Conduct Authority, paving the way for a full-frontal assault on the retail banking market.

A report from Capgemini has found significant levels of disappointment with cloud services among financial services firms, with less than 40% of executives saying they are highly satisfied with the outcome.

Cleafy, an Italian provider of fraud prevention technology for digital banking, has raised €10 million in funding led by United Ventures through the fund UV T-Growth.

Banco Santander has signed a multi-year cloud banking deal with Microsoft Azure.

Payabl. has appointed Lee Dunne, former head of embedded finance at Lloyds Banking Group, as banking lead.

Commonwealth Bank of Australia is collaborating with Vodafone to share SMS scam intelligence in near real-time, allowing the telco to identify and disrupt scammers while the bank makes proactive blocks on fraudulent payments.

The US Securites and Exchange Commission has confirmeed that its X account was hacked and used to post spurious approval for the listing and trading of spot Bitcoin exchange-traded products.

A group of three former Amex Ventures managing directors has secured $78 million for their debut fund backing early-stage fintech startups.

DBS has developed a hybrid human-robo investment service which is now available to customers in its native Singapore.

Fidelity Investments is in advanced stages of testing its own stablecoin, which is designed to act as cash in cryptocurrency markets and will be managed through its digital assets arm.

The Office of the Comptroller of the Currency says “highly sensitive information” was accessed in a hack on its email system.