UK banks’ online services are beginning to recover after a problem with Amazon Web Services (AWS) caused widespread outages across several apps and websites.

While AI is a buzzword in the fintech space, quantum is being heard more and more frequently in the sector. But what will it accomplish, and more importantly, is the financial services industry ready for it?

The London Stock Exchange Group (LSEG) and Microsoft have announced the next stage of a multi-year partnership that will see the latter’s AI technology applied to the exchange group’s financial data.

The innovation agenda has been top of mind for bankers attending Swift’s operations forum in Amsterdam, with delegates sharing their experience of agile development practices, distributed ledger technology and IoT and AI deployment.

PayPal will pay $2 million to settle New York State charges that cybersecurity failures at the firm led to customers’ social security numbers being exposed.

The second day of EBAday 2023 started off with the hot topic of Payments as a Service (PaaS), and specifically some of the preventative measures which need to be undertaken to secure PaaS against cyber-attacks and fraud.

Deutsche Bank has partnered with fintech firm FinLync to utilise pre-built API integrations and SAP-embedded treasury applications to allow for connection between corporate teams, in real-time.

Digital asset infrastructure fim Ripple has reached a $40 billion valuation on a $500 million funding round.

The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.

UK challenger bank Starling is to release its API to third party developers as it undertakes its first hackathon and prepares for the forthcoming launch of its banking-as-a-service marketplace platform.

JPMorgan has opened applications for a new fintech accelerater programme for startups and business founders in the UK.