The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.

UK-based decentralised payments platform Ryft has raised £5.7 million in Series A funding to help acquiring banks take on industry giants Stripe Connect and Adyen.

Credit Suisse has acquired a ten percent stake in Singaporean digital wealth aggregation platform Canopy.

The UK’s biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.

German insurer Allianz has named Mansoor Reehana as its first ever head of AI.

The Consumer Financial Protection Bureau (CFPB) has warned users of non-bank payment apps that their accounts are not protected by federal deposit insurance coverage.

The Linux Foundation’s OS-Climate non-profit has released its first three analytic tools to help with the shift to climate-aligned finance and investing.

Revolut has joined the European Payments Initiative to bring its Wero Wallet to millions of new customers this summer.

Kicking off Finextra’s inaugural NextGen AI conference at Convene Sancroft in London, was Lord Chris Holmes of the UK House of Lords in his headline keynote titled: ‘AI in 2024: At the Edge’.

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

The Open Banking movement may get big billing on Twitter and set pulses racing in fintech startups, but for the ordinary person on the street the term is utterly meaningless, if new research from Equifax is anything to go by.

Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.

Ripple has signed an agreement with BBVA to provide its digital asset custody technology to the Spanish bank.

JPMorgan Chase’s recently launched UK digital bank was built with 10x Banking, the cloud-native fintech set up by former Barclays chief Antony Jenkins.

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.