UK clearing and embedded banking platform ClearBank is eying international expansion after raising £175 million in a financing round led by funds advised by Apax Digital.

The UK government has promised a crackdown on “text-scam misery”, rolling out a raft of new measures to fight back against fraud.

Singapore’s OCBC has established a US$1 billion digital US commercial paper programme using blockchain technology.

Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.

Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).

NatWest has launched a hub to help UK homeowners make energy efficient changes in their properties.

Buy now, pay later giant Klarna has scored an Electronic Money Institution licence from the UK’s Financial Conduct Authority, paving the way for a full-frontal assault on the retail banking market.

A report from Capgemini has found significant levels of disappointment with cloud services among financial services firms, with less than 40% of executives saying they are highly satisfied with the outcome.

Cleafy, an Italian provider of fraud prevention technology for digital banking, has raised €10 million in funding led by United Ventures through the fund UV T-Growth.

Banco Santander has signed a multi-year cloud banking deal with Microsoft Azure.

Payabl. has appointed Lee Dunne, former head of embedded finance at Lloyds Banking Group, as banking lead.

Commonwealth Bank of Australia is collaborating with Vodafone to share SMS scam intelligence in near real-time, allowing the telco to identify and disrupt scammers while the bank makes proactive blocks on fraudulent payments.

The US Securites and Exchange Commission has confirmeed that its X account was hacked and used to post spurious approval for the listing and trading of spot Bitcoin exchange-traded products.

A group of three former Amex Ventures managing directors has secured $78 million for their debut fund backing early-stage fintech startups.

DBS has developed a hybrid human-robo investment service which is now available to customers in its native Singapore.