Fresh from a new installation at Barclays Bank, digital wealth management platform Scalable Capital has raised €50 million in a Series D Financing round.

There has been a “significant shift” in UK banks’ attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

Trading app Robinhood is bidding to usurp the likes of Reddit and X as the place to be for users to post about their trades, takes and market commentary.

Toronto Dominion Bank is to hire 200 staff for a new technology hub in South Florida, part of the bank’s commitment to growing its IT team with the creation of 2000 new roles in 2022.

The founder and CEO of online investment manager Scalable Capital has lashed out at the Governor of the Bank of England Mark Carney, accusing him of a “deep miscalculation of priorities” for singling out robo-advisory services as a potential force for future financial instablity.

Google Cloud has unveiled an AI-powered tool designed to speed up the notoriously slow mortgage application process.

Standard Chartered Bank has struck a five-year deal with Amazon Web Services to run its strategic banking systems and customer-facing applications in 60 markets on AWS.

French bank Societe Generale has announced a collaboration with crypto custodian and broker Bitpanda designed to accelerate the adoption of digital assets.

HSBC has made a strategic investment in account-to-account open banking payments vendor Token.io. The value of the investment was not disclosed.

A cash usage continues to dwindle, more than half of Brits now use mobile wallets for online and contactless payments.

HSBC UK is wading in to the robo advice market, launching an online advisory service that will deliver tailor-made recommendations based on an individual’s unique financial circumstances and needs

Two investment banks have made what they claim is the first over-the-counter options trade involving cryptocurrencies.

Mastercard has teamed up with NMI and Global Payments to launch its first cloud point-of-sale acceptance technology.

The UK’s Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.