Alphabet’s Google cloud computing services have been tapped by Meta in a deal worth at least $10 billion, a part of Meta’s move to expand AI capabilities.

Experian is rolling out a new service designed to help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently-obtained funds.

The Monetary Authority of Singapore is to hold bank board members and senior staff responsible for manging risks from the deplyment of artificial intelligence.

Plaid, the US start-up behind an API that lets banks share financial data with developers, has raised $2.8 million in a funding round led by Spark Capital.

Worldline shares plunged by 20% after multiple media outlets alleged that the French payments processor covered up client fraud to protect revenue

Lloyds Banking Group is to establish a new tech hub in Edinburgh, creating 500 new software engineering roles in the Scottish capital.

The US Consumer Financial Protection Bureau’s new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it “baffling”.

Smart Data Group has published its proposals for a future entity and blueprint to shape the next phase of open banking in the UK.

US regional banks, Huntington National, First Horizon, and Regions, have joined an $18.7 million Series A round in deposit network ModernFi.

Standard Chartered is among the firms picked to join Hong Kong’s new stablecoin issuer sandbox. The announcement comes a day after the island’s regulators said they will soon propose a regulatory regime for stablecoin issuers.

UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3 million) by the country’s data protection authority over 2018 data breach case.

Crypto firm Circle Internet Group has acquired Hashnote, the issuer of US Yield Coin (USYC), the largest tokenised treasury and money market fund in the world.

Infinity Ventures, the early-stage fintech and commerce venture firm founded by PayPal veterans, has raised a $184 million Fund II.

Citi is running a competition to encourage individual developers, teams and companies from around the world to create innovative mobile banking and payments applications.