Biometric card company Zwipe is backing out of the payments market following disappointing uptake of its fingerprint-powered contactless cards.

Florida-based VyStar Credit Union has been hit with a $1.5 million penalty over the botched rollout of a new online banking system that saw members unable to access their accounts and money.

Digital wealth management platform and online broker Scalable Capital has sealed a €155 million equity financing round.

London-based open banking and regtech platform Railsbank has topped up its Series A funding round with investments from Visa and Japanese VC Global Brain.

A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.

ING has acquired a stake in EIT InnoEnergy, an EU-backed climate and renewable energy tech investor.

How does an organisation decide if cloud and AI is right for them? This question was hotly debated at Sibos 2019 in London and discussions were also had around how IT leaders need to constantly assess the benefits of the cloud and AI in the context of the businesses they serve.

Banks that are struggling to harness the potentials of open banking can be compared to opening a shop and neglecting to fill it with any products that people want to buy, according to ABN Amro’s lead product owner.

Ripple is to acquire crypo-friendly prime brokerage Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.

Unique, a Switzerland-based startup providing AI platforms to the financial services market, has secured €28.6 in funding.

Beeks Financial Cloud Group has acquired network monitoring and trade analytics software firm Velocimetrics for a base consideration of £1.3 million in cash and equity, plus contingent earn-out.

In a speech at Kew Gardens on Monday, UK Foreign Secretary David Lammy spoke on how the UK government will be realigning its priorities to commit to green initiatives and combatting climate change.

Urgent action is needed to tackle a skills and talent crisis in UK financial services, according to an independent review commissioned by HM Revenue which warns the industry is in for a bumpy ride in the face of the technological revolution and Brexit.

Global asset manager Schroders has teamed up with the Monetary Authority of Singapore (MAS) to develop a tokenised digital asset fund.

The New York State Department of Financial Services (NYDFS) has advised firms dipping their toes into crypto activities to use blockchain analytics tools to help them with risk management and compliance.