French payments processor Worldline has entered exclusive talks over selling its digital services business to tech group Magellan Partners in a €410 million deal.

The Payments Association is calling for the development of a standardised framework that allows firms to meaningfully measure carbon emissions in the digital payments value chain.

New York-based startup Spiral has raised $28 million to launch its ‘Impact-as-a-Service’ platform designed to help banks and fintechs embed sustainability and social impact into their businesses.

A New York judge has ruled that JPMorgan Chase must face a lawsuit from the French manufacturer of Ray-Ban glasses, which argues that the bank failed to stop suspicious transactions after cybercriminals looted $272 million from its account.

Reflecting the growing trend for banks to partner with young technology companies, Spain’s Banco Sabadell is highlighting its activity in the entrepreneurial ecosystem over the past three years, supplying funding for 2300 growth companies and investing EUR96 million in startups.

ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.

The UK has been pushed into third place in global fintech rankings for the first time following a strong showing by the UAE.

German financial management app Finanzguru has raised €13 million led by new investors Scor Ventures and PayPal Ventures, with participation from existing backers including Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars and former Postbank CEO Frank Strauss.

Credit bureau TransUnion has unveiled a cloud-based AI-powered data and analytics platform for financial institutions.

ABN Amro has become the first Dutch bank to register a digital green bond on a public blockchain.

Point72 Ventures has led a $15m Series A investment round in asset securitization fintech GenTwo.

The cloud has fundamentally altered the economics and time to value of risk management and regulatory reporting. By allowing banks to handle the real-time, daily and periodic nature of regulatory reporting in an elastic manner, cloud computing has also provided cost-effective, long-term (and immutable) data storage to respond to queries from regulators.

The non-profit arm of insurance unicorn Lemonade has formed a coalition building a blockchain-based climate insurance offering for subsistence farmers and livestock keepers in developing markets.

ClearScore, a London-based startup providing credit scoring services, has secured €36.1m in debt financing from its principal backer HSBC.