UK-based fintech Wise has been granted approval by the Central Bank of the UAE to sell its money transfer and payments services in the Middle East market.

Societe Generale is putting its faith in data and AI to help it transition to, and prosper in, the digital age.

Stock trading app Robinhood has agreed to buy credit card startup X1 for about $95 million in cash.

Crypto platform KuCoin has integrated its payments arm with Brazil’s instant payments platform PIX.

Corporates’ demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.

Typically sluggish adopters of new technology, asset managers are slowly waking up to the threats posed by the emergence of faster and cheaper digital rivals, with fully 80% of industry participants expecting significant disruption in the industry over the next ten years.

Coinbase is claiming victory in its long-running tussle with the Securities Exchange Commission, stating that the regulator has agreed to drop its enforcement case against the crypto firm.

Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.

South African embedded payments platform Stitch has closed a $25 million Series A Extension, led by Ribbit Capital.

Revolut has launched an AI-powered anti-scam feature to protect customers from falling victim to authorised push payment fraud.

Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.

Ripple is set to get a kick-start, with the outfit behind it opening up a developer portal and CrossCoin Ventures launching an accelerator to help startups working with the cypto-currency protocol.

UK lender Metro Bank is axing around 300 jobs and calling in Infosys for an IT overhaul as it bids to find £80 million a year in savings.

Powering a new generation of net-zero transport with clean energy – in China, Japan, and South Korea – will cost US$12.4 trillion, a ING bank report has just revealed. This equates to over 90% of China’s 2020 GDP.

A new report published by Finextra and authored by API performance monitoring specialists, APImetrics, has identified three major British banks failing to deliver adequate service levels to consumers of the UK’s CMA9 Open Banking APIs.