Ofcom has announced its probe into cloud service providers Amazon, Microsoft and Google. The investigation will look into these providers, which generate around 81% of revenues in UK public cloud, to ensure the market is working properly and not limiting innovation or growth.

JPMorgan has dipped a toe into the metaverse, becoming the first bank to open a lounge in the Decentraland virtual world.

Revolut is expanding its crypto exchange Revolut X to 30 European markets after a successful debut in the UK.

Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of buy now, pay later and retail finance products available to Octopus Energy customers across the country.

As wildfires, hurricanes, social and economic unrest and the pandemic play out across the global stage, the final of day of Sibos 2020 focuses on banking for humanity, the impact of ESG and the triple bottom line as a driver for sustainable business.

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.

Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.

UK-based digital wealth manager Moneyfarm has acquired German compatriot vaamo, marking the company’s entrance into a third European market.

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

The European Central Bank has agreed to a dual-track strategy for integrating distributeed ledger technology with Target settlement services in the wholesale market.

PayPal is launching a service that enables businesses to accept payments in more than 100 cryptocurrencies.

The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.

Belgian B2B wealthtech startup InvestSuite has topped up its seed funding round with an extra EUR2 million.

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has secured a $105 million growth investment from the Customer Value Fund of long-time investor General Catalyst.

The UK’s Financial Conduct Authority has called for improvements in digital loans processes to help people better understand what they’re signing up for.