The UK’s Financial Conduct Authority is to set up a ‘Supercharged Sandbox’ to help firms experiment with innovative AI applications.
New challenger SilverRock Bank has been granted banking authorisation with restrictions by the Prudential Regulation Authority following the completion of a £50m funding round.
Manchester fintech Frost has raised £1.87 million from a crowdfunding campaign on Seedrs.
Stablecoin-based cross-border payments platform Conduit has raised $36 million in a Series A funding round co-led by Dragonfly and Altos Ventures.
Auto outstandings fell 0.2% sequentially but increased 2.4% year over year in the first quarter of 2024. Motor vehicle loan…
The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans…
Diem, a London startup that combines traditional banking functionality with a service that lets customers sell their unwanted items to the firm, has raised $5.5 million in a seed funding round led by Fasanara Capital.
A wholesale CBDC could successfully work with private stablecoins, shows research from the Hong Kong Monetary Authority and BIS Innovation Hub.
Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, has filed for…
SIX Swiss Exchange is to resume trading from 14.30 after technical problems forced the market operator to twice suspended trading in stocks, bonds, and exchange-traded funds.
US job growth surged in May and wages accelerated, prompting traders to push back the expected timing of Federal Reserve…
Work on the digital euro is gaining momentum, with a launch possible by the middle of 2029, according to European Central Bank Executive Board member Piero Cipollone.
UK bank Barlcays is set to expand its presence in the US consumker banking market after agreeing a deaL to purchase US-based personal lending fintech BestEgg for $800m.