Stablecoin-based cross-border payments platform Conduit has raised $36 million in a Series A funding round co-led by Dragonfly and Altos Ventures.

Diem, a London startup that combines traditional banking functionality with a service that lets customers sell their unwanted items to the firm, has raised $5.5 million in a seed funding round led by Fasanara Capital.

A wholesale CBDC could successfully work with private stablecoins, shows research from the Hong Kong Monetary Authority and BIS Innovation Hub.

Work on the digital euro is gaining momentum, with a launch possible by the middle of 2029, according to European Central Bank Executive Board member Piero Cipollone.

UK bank Barlcays is set to expand its presence in the US consumker banking market after agreeing a deaL to purchase US-based personal lending fintech BestEgg for $800m.

Octopus Ventures is reportedly preparing to take over the Fintech Growth Fund, a new funding vehicle for providing growth-stage capital to UK fintechs.

Google Cloud has launched a service, built on top of technology developed by Banco Santander, to help companies migrate from legacy mainframe systems to the cloud.

Westpac has teamed up with venture technology accelerator BlueChilli to challenge Australia’s startups to develop ways to help the bank’s business customers.

Nordic fintech Lunar has selected Thought Machine – the same cloud native core banking technology used by JP Morgan – to modernise its core systems and develop new services across the region.

On day two of COP26’s ‘World Leader’s Summit’, Finextra attended European finance consultancy Oxera’s ‘Economics of Climate Change’ session, which brought to life the role that both investors and greentech startups can play in delivering decarbonisation.

Berlin-based fintech pliant has unveiled a corporate credit card that promises to ensure fully carbon neutral travel.

Monzo is to migrate its investment and pension product portfolio to Octopus-owned embedded investment platform Seccl.