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KfW to issue blockchain-based digital bond

German bank KfW is preparing to issue its first blockchain-based digital bond in the form of a crypto security in accordance with the German Electronic Securities Act (eWpG).

BofA granted hundreds of patents

Bank of America scored a record 341 US patents in the first half of 2022, a 50% year-on-year increase, with information security and AI seeing the most action.

FS giants prep for cyber defence exercise

The Financial Services Information Sharing and Analysis Center (FS-ISAC) has brought together nearly 30 financial firms for a Nato live-fire cyber defence exercise.

Smart lending fintech Abound raises £500 million

Abound, a UK-based fintech that uses a combination of open banking and artifical intelligence to offer better loan deals to consumers, has raised £500 million in a mixture of debt and equity finance.

DBS launches eco-conscious consumer platform

DBS Bank has launched LiveBetter – a one-stop digital platform where users can access eco-friendly tips, donate to local green causes, as well as invest in sustainability-themed funds.

Finextra’s top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

UK fintech hiring surges

UK fintechs are set to increase professional hiring by 32% in 2025 despite challenging economic headwinds, according to Morgan McKinley and Vacancysoft’s latest fintech report.

Absa rolls out Virtual Investor

Absa has launched Virtual Investor, an online self-service investment platform that uses algorithms to recommend a product for customers based on their financial attitudes to risk.