Finextra this week released new research investigating how institutions globally are tackling the mounting issue of trade-based financial crime (TBFC).

Buy now, pay later providers in Australia have been told to apply for credit licences ahead of new laws coming into effect in June.

Singapore’s OCBC Bank has launched a developer portal and set of open APIs to promote the integration of its data sets and applications with third-party networks and fintech startups working at its Open Vault unit.

US-based financial infrastructure company Pico is set to go public through a $1.75 billion merger with fintech entrepreneur Betsy Cohen’s special-purpose acquisition company (Spac).

Money20/20’s annual Europe event kicked off with a stream updating the industry on the progress of open banking.

A consortium of 20 UK-based pension funds, asset managers and asset owners is set to invest in the country’s fintech sector.

Virgin Money has launched a digital wealth management platform for retail investors through a joint venture partnership with abrdn.

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) new analysis report has detailed ransomware activity in Bank Secrecy Act (BSA) data, reaching unprecedented levels between 2022 and 2024, with total reported payments surpassing $2.1 billion.

Bank of Ireland is to hire 100 new technology staff in roles across across engineering, cloud technology, cybersecurity and data.

Pride month is coming to a close, with the main celebrations continuing into this weekend in London. Pride is about much more than parades, parties, and rainbows. It is about the practical process of acceptance and inclusion of LGBTQIA+ identities, even in the fintech workplace.

Google is working with Wise, Ria Money Transfer and Xe to test a remittance experience via its online wallet and search.

Following a wave of defections from major banks, the Net Zero Banking Alliance is to pivot from a membership-based organisation to a ‘framework initiative’.

Stripe and crypto investment firm Paradigm have unveiled a blockchain project for stablecoin payments.

Experian has significantly expanded its Global Innovation Centre (GIC) in Hyderabad, doubling its office space.

Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.