Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.

UK-based digital wealth manager Moneyfarm has acquired German compatriot vaamo, marking the company’s entrance into a third European market.

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

The European Central Bank has agreed to a dual-track strategy for integrating distributeed ledger technology with Target settlement services in the wholesale market.

PayPal is launching a service that enables businesses to accept payments in more than 100 cryptocurrencies.

The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.

Belgian B2B wealthtech startup InvestSuite has topped up its seed funding round with an extra EUR2 million.

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has secured a $105 million growth investment from the Customer Value Fund of long-time investor General Catalyst.

The UK’s Financial Conduct Authority has called for improvements in digital loans processes to help people better understand what they’re signing up for.

The Financial Conduct Authority (FCA) has fined Equifax over £11 million for failing to protect their customers from a data breach outsourced to its US parent company.

The uptake of tokenised bank liabilities and shared ledgers in transaction banking services could lower cross-border currency costs by 12.5%, saving businesses more than US$50 billion by 2030, according to a report by the International Swaps and Derivatives Association (ISDA) and Ant International.

The man behind an international one stop spoofing shop, which enabled criminals to appear as if they were calling from banks, tax offices and other official bodies, has been sentenced to 13 years in prison.

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.

BBVA Mexico is giving its credit and debit cards a makeover, adding biometrics, removing printed data and using recycled plastic.

Barclays Bank is to use Ant International’s proprietary Time-Series Transformer (TST) AI FX Model, to help businesses reduce FX-related costs and risks against global volatilities.