Commerzbank has entered a five-year partnership with Google, that will see more applicatons moved to the cloud and delivery of on-the-fly updates to software code.

South Korea’s largest banks have formed a consortium to issue a Won-backed stablecoin.

BNP Paribas has deployed generative AI to alleviate the time spent by staff in filing ESG assessment reports.

Swedish open banking startup Kreditz has raised €10 million from investment company Creades and the venture arm of retail furniture giant Ikea.

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $61.6 million from international investors.

Mastercard is working with US card issuing platform Marqeta to provide a programme for European fintechs to rapidly deploy new applications, with Prague-based payments app Twisto the first beneficiary.

Despite much green talk, just two of the UK’s 36 main banks can clearly demonstrate effective plans to reduce their carbon impacts in a timely manner, claims research from the Ethical Consumer magazine.

Russia’s central bank has cancelled the licence of American Express’s subsidiary in the country, at the payment company’s request, according to Reuters.

Deutsche Bank-backed Taurus is to tokenize the SME credit portfolio of Zurich-based Teylor, providing investors access to SME credit opportunities.

Eastern Bank in Bangladesh is launching what it claims is the world’s first biometric metal card for premium customers.

SaaS banking platform Mambu has raised €110 million, bringing the company’s valuation to €1.7 billion.

Money transfer platform Wise has been hit with a $2.025 million penalty from the Consumer Financial Protection Bureau (CFPB) for misleading customers about fees and charges.

Business-to-business capital raising platform Hubx has closed a $5.5 million funding round with participation from Barclays.

UBS is hoping to bring its wealth management services to a wider audience through the launch of a digital robo-advisory platform available to UK customers with as little as £15,000 to invest.