A secondary share sale has seen the valuation of MENA-based financial app Tabby rise to more than $4.5bn.

Coinbase has acquired crypto investment platform Echo for around $375 million in cash and stock.

The US government has imposed sanctions on 13 fintechs for offering crypto-based services to Russian firms looking to evade the economic restrictions in place since the outbreak of war in Ukraine.

The Securities and Exchange Commission (SEC) has announced settled charges requiring Oracle to pay $23 million, following the company’s violation of provisions in the Foreign Corrupt Practices Act (FCPA).

Morgan Stanley has struck a $900 million cash deal to buy Solium Capital, a Canadian provider of cloud-enabled share plan administration services.

Finmid, a German financial infrastructure provider targeting B2B marketplaces, has emerged from stealth with €35 million in early-stage equity funding.

Robinhood is rolling out an AI-powered investing assistant to help UK users interpret and navigate market movements.

The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.

Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant.

Digital Europe, a digital technology trade association, has warned the EU against overregulating in its upcoming AI bill in a letter this week.

The Co-operative Bank is hiring more than 100 IT and digital specialists in its North West England base as part of a major technology investment plan.

Donald Trump says he is appointing former PayPal chief operating officer David Sacks as “White House AI and Crypto Czar”.

Commonwealth Bank of Australia has rowed back its decision to cut 45 contact centre jobs after finding that the AI-powered “voice-bot” designed to reduce calls actually led to an increase in work for humans.

UnionPay International (UPI) is piloting a cross-border QR payment linkage between China and Indonesia.

Hala, a Saudi Arabian fintech that provides embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B funding round.