PayPal has launched a mobile software development kit for streamlining in-app payments for iOS as it bids to play catch-up with a host of developer friendly start-ups such as Dwolla and Stripe.

US financial services regulators should take the reins on fintech oversight and stop expecting banks to independently police the sector, say the Bank Policy Institute and the Clearing House Association.

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

AI-based financial crime detection platform Feedzai has hit a $2 billion valuation off the back of a $75 million funding round.

Plaid has released a series of recommendations to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s call for stakeholder feedback on its strong consumer financial data rights proposal.

Payment provider Zepz has teamed up with stablecoin infrastructure company Bridge to offer stablecoin-linked Visa cards to its Sendwave Wallets customers.

Australia’s ANZ is overhauling its business to create a new unified operations unit and a group-wide data and analytics function.

The European Payments Alliance (EuroPA) has hit a milestone in its efforts to bring instant cross-border payments to the continent with customers of Spain’s CaixaBank now able to send money to people in Portugal, Italy and Andorra via the Bizum mobile transfer scheme.

Do Kwon, the former CEO of crypto firm Terraform Labs, has been sentenced to 15 years in prison over an “epic fraud” related to the $40 billion collapse of his company and its ecosystem.

The FCA has issued its first fine for transaction reporting failures under MiFir regulations.

Speaking to Alexis Normand, the founder of carbon accounting platform Greenly, Finextra learned how carbon accounting has become a necessity in the banking sector today.

Mastercard is launching a sustainable card programme to get its card issuers to switch to greener alternatives such as recycled, biodegradable and ocean plastics.

Trust Bank, the Standard Chartered and FairPrice-backed digital challenger that recently launched in Singapore, is running on Thought Machine’s cloud-native core platform.

Singapore’s dtcpay is teaming up with Visa on a card that enables ultra high net worth individuals to convert their digital currencies such as stablecoins into fiat at real-time rates.

Portugal has taken a major step towards Open Banking after local payments processor Sibs launched an API platform that brings together 24 financial institutions.