The Consumer Financial Protection Bureau (CFPB) has sued credit reporting agency Experian for unlawfully failing to properly investigate consumer disputes and showing uncritical deferrence to institutional submissions.

African blockchain payment network, Zone, has raised $8.5 million in an oversubscribed seed funding round led by VC firms Flourish Ventures and TLcom Capital.

UBS has joined a $50 million round in tech-driven asset management platforrm Ethic.

Indian cryptocurrency exchange WazirX has been hacked, with crooks making off with around $230 million in various tokens.

Digital assets are one of the key themes at Sibos 2025, and day one featured several sessions covering the intricacies of stablecoins, CBDCs, and the world of crypto.

Big Issue, a magazine sold by the homeless across the UK, is working with open banking provider fumopay to pilot a QR code-based way for vendors to take payments.

Partior’s digital cash settlement network has connected to Osttra and Baton Systems’ on-demand FX payment-versus-payment (PvP) settlement service.

Investment API Upvest is set to double its 170-strong team after closing on a €100 million Series C funding round.

The UK’s financial regulators are to be given powers to test the resilience of big cloud providers like IBM, Google, Microsoft and Amazon and perform on-site inspections.

Thailand is piloting a programme that allows visitors to the country to convert cryptocurrencies into baht for local payments.

Research from Avaloq, a banking and wealth management platform, indicates that UK wealth managers see AI as the future, but do not yet trust the technology.

The European Central Bank has put together a host of participants for exploratory work on the use of distributed ledger technology to settle wholesale transactions in central bank money.

Benchmark provider MSCI has extended its partnership with Google Cloud in order to accelerate its development of generative AI services for the investment industry.

As Andrew B. Morris from The Fintech Agenda, LLC highlights at CES 2021, the dark clouds of Covid-19 had a silver lining for the fintech industry. Unicorns Stripe and Plaid supported the global shift to a contactless economy, helping businesses deliver products and services to consumers who had collectively formed new daily habits for everything. Ginger Baker and Erika Wool explain what’s next for the payments giants.

JPMorgan Chase is to replace its current retail core banking system in the US with technology from Thought Machine.