Goldman Sachs has agreed to buy NextCapital, a robo-advisor for corporate retirement plan participants. Financial terms were not disclosed.

While there are troves of financial data that have the potential to drive and inform critical business decisions, data remains siloed due to challenges associated with managing multiple data sources and aging infrastructure. Many financial institutions (FIs) face challenges – from limited storage and compute capacity to resource-intensive network deployments – that impede the ability to generate data-led insights powered by analytics.

Cybersecurity and the outsourcing of IT services are among the greatest risks to the financial sector, warns a new report from German regulator BaFin.

A trio of bank groups has written to the US Department of the Treasury urging it to move quickly in ditching paper cheques for electronic payment options.

Following a wave of defections from major banks, the Net Zero Banking Alliance says it is shutting down immediately.

Global identity platform Socure has acquired buy now, pay later consumer credit database Qlarifi.

Stavtar Solutions, a US-based startup with a SaaS platform for expense allocations and spend management, has completed a series A funding round worth $55m

Stripe is exploring the integration of NEC’s face recognition technology into its POS terminal for in-person payments.

Innovation within Ireland’s banking sector has been hindered by a lack of government funding, claims a newly published report.

A team from RBS took top honors at the Deloitte Digital #GoneHacking capital markets hackathon on Friday with a trading platform that utilises the Ripple protocol to handle integration with crypto-currencies.

45% of adults say that they are personally affected by climate change, a substantial increase from 37% in 2020.

Augmentum Fintech has made a £2.6 million investment in London-based peer-to-peer FX trading platform LoopFX.

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

Insurance marketplace Lloyd’s of London is warning that a major cyber attack on a systemic payments system could cost the world economy $3.5 trillion.