South Korea’s NH NongHyup Bank has carried out a blockchain-based cross-border payments pilot via bank-backed vendor Partior’s platform.

The Bank for International Settlements has opened its European Hub, located in both Paris and Frankfurt, with a focus on decentralised finance, wholesale CBDC, cyber security and green finance.

Mimo, a UK-based platform for simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised $8.5 million in an equity round led by Project A and joined by Northzone and Seedcamp.

Revolut is reportedly facing further delays in securing a full UK banking licence because of regulators’ concerns over the fintech’s risk controls relating to cross-border payment. Separately, the firm has acquired an AI travel agent incubated at an innovation hub run by airline Lufthansa.

“Investors are chasing sustainable bonds to buy, and we think that over $800 billion worth of supply globally, around 20-25% of that global share comes from APAC, namely Asia in particular,” said Chuaoni Huang of BNP Paribas during a sustainable focused panel session at Sibos 2024.

OneID, the UK’s only provider of bank-verified digital identification services, has secured new funding led by ACF Investors.

Banking websites were among the victims on Friday of the second outage in less than a month at network and security services provider Cloudflare.

The European Union looks set to block Amazon, Apple, Google and Meta from accessing a new financial data sharing system, according to the Financial Times.

The Consumer Financial Protection Bureau has slapped an $89 million penalty on Apple and Goldman Sachs for illegally mishandling credit card transaction disputes and misleading iPhone purchasers about interest-free payment options.

Standard Chartered is using AI to create short videos giving its retail customers in Asia the latest foreign exchange insights.

Facebook’s new digital currency, Libra, could “substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments,” Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

The Bank for International Settlements Innovation Hub has started its first green finance project, Genesis, which will explore the tokenisation of green bonds enabling investment in small denominations, combined with real-time tracking of environmental outputs.

JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.

A coalition of top European financial institutions has been formed to develop common security standards and best practices for the use of cloud technology in the EU.

Citi is to undertake a $100 million refurbishment of its skyscraper in Canary Wharf, reflecting optimism about Britain’s role in a post-Brexit future and a switch to more flexible working practices in the wake of the pandemic.