Credit and debit cards continue to dominate American payments, but cash is still an important player, accounting for 14% of all consumer transactions in 2024, according to the Federal Reserve.

London-based wealth management startup Pynk has raised $2 million through crowdfunding ahead of the launch of its retail investor wallet.

Nationwide Building Society, Wells Fargo and Intesa Sanpaolo have joined a $9 million Series A funding round for British synthetic data disruptor Hazy.

Which? claims that security failings at some of the UK’s largest banks are leaving customers vulnerable to fraud.

Bitget Wallet has partnered MoonPay to launch a fiat withdrawal feature that allows users to convert stablecoins directly into cash.

The UK’s financial watchdog has ended its four year ban on the use of crypto-based exchange traded notes (ETNs) by retail investors in a move that could add 20% to the UK’s crypto market

Munnypot, a mobile-first robo-advisor service created by the former founders of financial advisory firm Cavanagh Group, has soft-launched in the UK with a range of corporate partners.

PayPal has used its own stablecoin to invest around $5 million in Mesh, an embedded finance startup for crypto payments.

Flex, a fintech that helps business owners automate their back offices, has raised $25 million in an equity round led by Titanium Ventures.

The six largest US banks have been tasked by the Federal Reserve to analyse the impact of trial scenarios for both physical and transition risks related to climate change on real estate assets in their portfolios.

Incoming US president Donald Trump is set to release an executive order designating cryptocurrency a national priority, according to Bloomberg.

Canada’s Scotiabank is embracing the open source developer community, posting the first of what should be many software releases to Github.

Cloud adoption for financial services firms has been on the rise over the past few years – a trend that has been further bolstered by the wave of digitisation brought on by the global pandemic.

Swiss digital asset bank Sygnum has raised $40 million in an over-subscribed growth financing round.

Nomura is rolling out a new account aggregation app for consumers to track their assets at different financial institutions and build a smarter investment portfolio.