Wells Fargo has appointed a new head of technology and shunted current CIO Tracaey Kerrins to head up a newly-created Generative AI team.

Sberbank, Russia’s largest financial institution, has been told to work with China on the development of AI-based services.

Fintech firms have been missing a trick by largely ignoring the fastest growing and wealthiest demographic – the over 50s, says VC QED Investors.

President Donald Trump has established a working group on digital assets that will investigate the development of a federal regulatory framework for crypto and evaluate the creation of a national digital asset stockpile.

Plaid has caved into demands by JPMorgan to pay for access to customer data, after the US bank accused aggregator firms of ‘massively taxing’ its systems with unnecessary pings.

A group of more than 75 Canadian credit unions have inked an eight-year, multi-million dollar deal with IBM for a digital payments overhaul.

EBAday 2025, the annual summit for the leading payments and transaction banking executives hosted by the Euro Banking Association (EBA) and Finextra, has opened applications for its Fintech Zone.

The UK’s Financial Conduct Authority has set out proposals to rebuild trust in ESG ratings with the introduction of new rules governing transparency and governance.

Mediobanca has joined with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator, underpinned by an overall €12 million investment from the Italian investment bank.

After more than two years, Germany’s financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.

How well-crafted regulation can act as an accelerator, not inhibitor, in becoming more resilient and successful in the future was answered by industry experts at EBAday 2025.

Asian bank DBS has teamed up with decentralised gaming virtual world The Sandbox to launch a metaverse experience showcasing ESG ideas and initiatives.

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

With work on quantum computing gaining momentum, the Financial Services Information Sharing and Analysis Center (FS-ISAC) has issued guidance to help the payment card industry mitigate risks posed by the technology.

In the wake of allegations about payments processor Worldline earlier this week, Belgian prosecutors have opened an investigation into potential money laundering activities at the firm’s local unit.