Virtual corporate credit card issuance startup Extend has raised $11 million in a Series A funding round led by Point72 Ventures and FinTech Collective.

President Biden has nominated former Mastercard CEO and president Ajay Banga to serve as president of the World Bank.

Monzo founder Tom Blomfield has joined startup accelerator and venture capital firm Y Combinator as a group partner.

Japan’s MUFG Bank is launching a $300 million fund to invest in Indian startups.

Citi is to lay off 3500 tech staff in China as part of a major revamp of the bank’s global operations.

In light of the UK’s Competition and Markets Authority scolding five of the CMA9 – Bank of Ireland, Danske Bank, HSBC, Lloyds Banking Group and Santander – for being in breach of Open Banking delivery on mobile apps, Finextra questions the banks on why deadlines were missed.

The Options Clearing Corporation (OCC) has rolled out Amazon Web Services generative AI technology to streamline development workflows.

The Partnership for Carbon Accounting Financials (PCAF) is launching a coalition aimed at the promotion of measuring and disclosing carbon emissions in the UK financial services industry.

UAE-based fintech Zand has announced a collaboration with Mastercard Move’s money solutions to power cross-border payments.

Appway, a Swiss firm that provides software to boost digital transformation programmes for banking clients, has secured a $37 minority investment from Summit Partners.

The world’s first green fintech taxonomy has today been launched by the Green Digital Finance Alliance (GDFA) and the Swiss Green Fintech network, at the Building Bridges Summit in Geneva.

Ansa, a digital wallet infrastructure platform for merchants founded by Adyen and Affirm veterans, has emerged from stealth with $5.4 million in funding.

Card issuance and embedded finance platform Highnote has enlisted BVNK to launch real-time 24/7 stablecoin-based funding for card programmes.

The Switzerland-based organisation, the Green Fintech Network, has published The Green Fintech Theory of Change report, outlining how fintech can drive the green transition.

Finextra Research will be hosting its second Financial Cloud Summit conference on March 7th 2024 at King’s Place in London.