Coinbase has pulled out of a proposed $2 billion deal to buy payments and stablecoin infrastructure platform BVNK.

PayPal is working with Mastercard to use the latter’s new One Credential feature to offer shoppers more payment options at the checkout.

Australian financial services firm AMP has tapped Engine by Starling for a new digital bank for small business owners and everyday customers.

Core banking provider Thought Machine has banked $83 million in Series B funding, in a round led by Draper Espirt with continuing participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair Capital.

Bank of India has opened three branches dedicated to serving the country’s startup companies.

Recognise Financial Services, the latest challenger brand taking aim at the SME sector in the UK, has contracted with core bank provider nCino for delivery of its cloud-based Bank Operating System, as it gears up for launch in 2020.

Revolut has extended access to its retail account for 16-17 year olds, leaving them free from adult supervision in kids accounts as they become financially independent.

Commerzbank has entered a five-year partnership with Google, that will see more applicatons moved to the cloud and delivery of on-the-fly updates to software code.

South Korea’s largest banks have formed a consortium to issue a Won-backed stablecoin.

BNP Paribas has deployed generative AI to alleviate the time spent by staff in filing ESG assessment reports.

Swedish open banking startup Kreditz has raised €10 million from investment company Creades and the venture arm of retail furniture giant Ikea.