A team from RBS took top honors at the Deloitte Digital #GoneHacking capital markets hackathon on Friday with a trading platform that utilises the Ripple protocol to handle integration with crypto-currencies.

45% of adults say that they are personally affected by climate change, a substantial increase from 37% in 2020.

Augmentum Fintech has made a £2.6 million investment in London-based peer-to-peer FX trading platform LoopFX.

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

Insurance marketplace Lloyd’s of London is warning that a major cyber attack on a systemic payments system could cost the world economy $3.5 trillion.

Both sending and receiving banks running transactions over the UK’s Faster Payments scheme will be expected to split the cost of reimbursements in the case of authorised push payment fraud, under new rules devised by the Payment Systems Regulator.

Citigroup has launched an API for payment initiation, payment status, and account balance inquiries at corporate treasury workstations and enterprise resource platforms.

Revolut has laid out its plans for 2025, including the introduction of an AI assistant, mortgages, ATMs, and a business credit product.

As mobile devices double as digital wallets streaming location coordinates and transaction information, satellite images capture fleet movements and consumers generate product reviews on social media, financial institutions are gathering and analysing a rapidly growing amount of non-traditional data to enhance their core financial datasets. The analysis of this time series data – data that captures temporal changes, organised by time – allows firms to detect unique patterns and make future predictions of market performance and behaviour.

Chime has been reported to be aiming to go public in 2025, with Morgan Stanley to lead its initial public offering (IPO).