The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a “handout to Wall Street banks”.

The bank’s investment will support widescale creation and management of forests in Scotland, as well as boost biodiversity in the area, improve air quality, reduce soil erosion, and capture an estimated 1.2 million tonnes of CO2 over two decades.

Digital asset giant Ripple is making a move into corporate treasury through the $1 billion acquisition of GTreasury.

The founder of Frank, a now shuttered college financial planning platform that was sold to JPMorgan Chase for $175 million, has been charged by the SEC with fraud.

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this week.

UK digital wealth manager Moneyfarm has appointed former Virgin Money CEO and Snoop founder Dame Jayne-Anne Gadhia chair.

Revolut has launched Stocks and Shares ISAs and UK-listed Exchange-Traded Funds (ETFs) as it expands investment options for customers in the UK.

Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.

Nevis, a startup founded by former Revolut executives, has raised $35 million in Series A funding to build an AI platform for wealth management.