Standard Bank of South Africa is to adopt a cloud-first approach to its business, contracting with Amazon Web Services for a mass-migration of its IT architecture in a bid to drive its digital transformation strategy.

Swiss digital asset banking firm Sygnum has achieved unicorn status on a $58 million funding round.

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

With authorised push payment fraud on the rise, the FCA says banks should strengthen anti-crime systems and must treat victims of fraud better.

Digital wealth manager Moneyfarm has tapped existing investor Allianz Asset Management and a combination of VC and private equity funding to raise £40 million in a Series B financing round, advancing its ambitions to enter the personal financial management arena.

Louise Hill, co-founder & COO of the children’s financial education app, GoHenry, recently sat down with Finextra to discuss developing financial resilience at a young age and their recent acquisition.

Opening the final day of Money 20/20 Europe was a session exploring whether treasury management is broken.

BBVA is creating a training programme to give its top executives a grounding in the use of GenAI to improve productivity.

Criminals stole £1.17 billion through fraud in the UK last year, with a slight fall in authorised push payment fraud losses offset by a rise in remote purchase fraud.

The prevalence of renewable energy in cryptocurrency mining is being driven by hydroelectricity, according to a study by the Cambridge Centre for Alternative Finance (CCAF), but APAC’s cheap coal-powered energy is what sets it apart from other regions.

San Francisco-based robo-advisor SigFig has raised $40 million in a new financing round that includes investment from UBS and the fintech venture fund of Spain’s Banco Santander.

AI, cloud, blockchain and quantum computing form some of the pillars the much-discussed Fourth Industrial Revolution, with financial services watching on in anticipation of the disruption they promise in the years ahead.

Buy-side firms are having to user a greater number of ESG data providers in order to make up for the lack of corporate disclosures around sustainability.

AXA Investment Managers has completed its first live market transacation using stablecoins issued by SG Forge, the digital asset arm of Societe Generale.

Finextra attended the Citi Digital Money Symposium, which brought together experts from all over the industry to discuss innovation and emerging trends across the online payments sector in 2023. The conference looked at the challenges that could arise as the payments ecosystem becomes increasingly digital.