Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.
Digital wealth management platform and online broker Scalable Capital has been granted authorisation by the ECB to conduct deposit and lending business as a fully-fledged bank.
Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry.
Some of Wall Street’s most notable corporate trust providers are reportedly turning down offers to take over for Wilmington Trust…
Ahead of Sustainable Finance Live, a Finextra Research and Responsible Risk event, WWF and The World Bank have released a report highlighting how the financial sector can benefit from the emerging field of spatial finance, complementing existing ESG data streams and providing an outline for a robust taxonomy.
UK robo advisory platform Wealthify is using payment initiation services from Tink to enable users to load and top-up investment funds without leaving the app.
ClearToken, a London-based clearing house for global digital assets, has signed up for Nasdaq’s Eqlipse Clearing technology.
NatWest is boosting the IQ of its digital chatbot Cora with generative AI to provide more nuanced, pro-active answers to customer queries.
UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.
Singapore’s OCBC is to roll out a generative artificial intelligence chatbot to all of its 30,000 employees to assist them with writing, research and ideas for new innovations.
Pagaya Technologies issued its fifth asset-backed securitization deal of the year, a subprime transaction, even as investor confidence in those…
Nicole Graham-Ponce, vice president of portfolio management at NextGear Capital, has spent much of her life around cars and has…
Auto credit access expanded for consumers in June while new-vehicle prices continued to tick up. The Dealertrack Credit Availability Index,…
The UK’s Financial Conduct Authority is to commence live testing of AI technology, with NatWest, Santander and Monzo among the first cohort.