IBM has hired former Bank of America chief technology officer Howard Boville as head of its cloud business.

ABN Amro, IBM, Holland FinTech and Linux Foundation are to run the first-ever Hyperledger hackathon, inviting coders to develop new financial applications capable of running on distributed ledgers.

The next year will see an industry tipping point for AI innovation in the financial sector, says Zac Maufe, global head of regulated industries at Google Cloud.

As Generative AI gives fraudsters more ways to scam victims, Santander has produced fake AI-generated social media adverts of popular Christmas gifts to to show just how realistic the bogus adverts can be, whilst helping Brits spot the tell-tale signs.

French revenue management startup Hyperline has raised $10 million in a seed extension round led by Index Ventures.

Cloud-based payment processing startup QRails has closed an $8 million Series A funding round led by EFM Asset Management.

The Financial Conduct Authority has launched a stablecoin-specific cohort of its regulatory sandbox. Separately, the watchdog has accepted regtech Eunice into the sandbox to look into an industry-led effort to boost transparency in the UK’s crypto markets

Towards the end of the UK’s AI Safety Summit taking place this week, Prime Minister Rishi Sunak and tech tycoon Elon Musk sat down for a conversation on artificial intelligence (AI).

Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.

Blockchain bank account startup Bleap has joined with Mastercard to launch a non-custodial debit card, making it possible for people to connect stablecoin payments with traditional financial payment rails.

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (Asic) have expressed grave concerns about the management of operational risk at the country’s leading stock exchange following a batch settlement failure in December last year.

Lead Bank has hit a $1.47 billion valuation after raising $70 million to serve fintech and crypto firms.

Worldcoin, the crypto biometric project fronted by OpenAI boss Sam Altman, has been temporarily banned in Portugal over data privacy concerns.

Barcelona-based wealth management platform Flanks has raised €14 million in an equity round led by Motive Ventures.