British credit card rewards startup Yonder has launched its first premium debit cards.

Incoming US president Donald Trump briefly saw the capitalisation of his newly-minted meme coin $Trump more than halve upon the release of a similar crypto token by his wife Melania.

Two former Merrill Lynch directors have launched a fintech startup that aims to revolutionise the way high net worth clients manage their cash deposits.

Fintilect, a transatlantic alliance of three fintech firms owned by Parabellum Investments, has launched to provide banks with a full suite of AI-driven customer engagement tools.

DWS Group, an asset manager majority owned by Deutsche Bank, has acquired a 15% stake in Neo Technologies, a Dubai-based digital investment platform. The value of the deal was not disclosed.

Investment manager Abrdn has pulled out of a deal to acquire the digital wealth management arm of fintech Nucoro and has instead agreed to an undisclosed investment in the wealthtech.

London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.

Hong Kong banks are joining an SMS sender registration scheme designed to help customers avoid falling for scam texts.

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

UK wealth management group St. James’s Place is rolling out virtual reality technology for training and role-playing across the business.

Scotiabank is moving customer data onto Google Cloud and tapping the firm’s data analytics and AI technology in a move the Canadian bank hopes will lead to more personalised and predictive services.

VC fund Octopus is to grow its shareholding in embedded investment platform Seccl as co-founders Dave Harvey and Hugo Thorman depart the business.

BNY Mellon’s Pershing unit has unveiled a host of initiatives designed to help clients streamline and digitise their wealth management efforts.

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK’s competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.