Revolut has brought in BNP Paribas veteran Béatrice Cossa-Dumurgier to lead its €1 billion bid to crack France as CEO of its new Western European headquarters in Paris.

Global capital investment in fintech nearly halved in 2023 to $51 billion, with the UK seeing an even sharper decline, according to Innovate Finance data.

Singapore-based payments firm Airwallex is in talks to raise $200 million at a $6 billion valuation, according to Bloomberg.

Santander InnoVentures has led an expansion funding round for San Francisco-based digital mortgage lending platform Roostify. The size of the round has not been disclosed.

US Bank has hired Barclays and BBVA veteran Derek White as its first chief digital officer, putting him in charge of a new combined digital team.

Allied Payment Network has launched a bitcoin wallet app for banks and credit unions on Finastra’s FusionStore.

Swedish BNPL giant Klarna has crossed 11 million active customers in the UK and has doubled its merchant base in a year to 60,000,

0TO9, a pan-European fintech venture builder and investor backed by an all-star team of serial entrepreneuers, has emerged from stealth with the ambition to start and scale 1,000 profitable fintechs by 2045.

Exponent Founders Capital, an early-stage venture capital firm led by former Plaid and Robinhood staffers, has raised $75 million for a fund to invest in startups from a host of sectors, including fintech.

The Consumer Financial Protection Bureau has dropped a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo which had accused the banks of allowing fraud to “fester” on P2P payments platform Zelle.

David Craig, the former CEO of Refinitiv, has resurfaced as co-chairman of a new market-led Taskforce on Nature-related Financial Disclosures (TNFD), which will support business in assessing emerging nature-related risks and opportunities.

The Consumer Financial Protection Bureau (CFPB) says it has suffered a data breach which saw an employee forward the personal information of more than quarter of a million Americans to a personal email account.

Capstack Technologies, a bank-to-bank marketplace designed to mitigate asset risk, has secured a strategic investment from Citi Ventures.

US Federal Reserve chair Michelle Bowman will cut 30% of staff in the bank-supervision unit, according to an email sent to staff on Thursday.

Swiss private bank Falcon is offering clients a compliant process for investing wealth generated from trading in cryptocurrencies.