Enova, an American lending company, has announced its agreement to acquire Grasshopper Bancorp, including its subsidiary Grasshopper Bank, for $369 million.

Standard Chartered has formed a joint venture partnership with Animoca Brands and HKT to issue a Hong Kong dollar-backed stablecoin.

Former UK government minister Gavin Williamson has been cleared to take up a position on the advisory board of fintech Lanistar. Separately, the startup, which has previously found itself in hot water with the FCA, has ended its Electronic Money Directive (EMD) agent relationship with Modulr.

86 400, an Australian banking startup led by a host of industry heavyweights, has inked a deal with open source API specialists Open Bank Project.

BBVA is deepening its relationship with Google Cloud through the deployment of Google Workspace with Gemini, as part of the global bank’s AI adoption strategy.

Royal Bank of Canada has teamed with AI vendor Cohere to co-develop a security and data privacy application using generative AI.

A wave of new digital tools will complement, not replace, finacial advisors, according to senior Credit Suisse exec Marco Abele, who says it’s not yet time to worry about the rise of the robo-advisors.

Nearly three quarters of bank IT executives think that moving to the cloud will help their firms achieve their business priorities, according to a report from the Economist Intelligence Unit.

Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

The Fintech Open Source Foundation (Finos) has launched Legend, a flagship data management and data governance platform from Goldman Sachs, following pilot implementations with a host of international banks.

Elven Big Tech firms and social media platforms have signed up to a UK Online Fraud Charter to combat rising levels of scams from fake adverts and romance fraud.

SRA Watchtower, an SaaS provider of AI-powered risk management and financial insight technology, has secured $4 million in funding.

More than 40 of the world’s biggest banks have joined a UN-convened alliance pledging to align their lending and investment portfolios with net-zero emissions by 2050.

Lloyds Bank, Halifax and Bank of Scotland have seen their online services go down following an outage at Amazon Web Services (AWS).