OneID, the UK’s only provider of bank-verified digital identification services, has secured new funding led by ACF Investors.

Banking websites were among the victims on Friday of the second outage in less than a month at network and security services provider Cloudflare.

The European Union looks set to block Amazon, Apple, Google and Meta from accessing a new financial data sharing system, according to the Financial Times.

The Consumer Financial Protection Bureau has slapped an $89 million penalty on Apple and Goldman Sachs for illegally mishandling credit card transaction disputes and misleading iPhone purchasers about interest-free payment options.

Standard Chartered is using AI to create short videos giving its retail customers in Asia the latest foreign exchange insights.

Facebook’s new digital currency, Libra, could “substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments,” Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

The Bank for International Settlements Innovation Hub has started its first green finance project, Genesis, which will explore the tokenisation of green bonds enabling investment in small denominations, combined with real-time tracking of environmental outputs.

JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.

A coalition of top European financial institutions has been formed to develop common security standards and best practices for the use of cloud technology in the EU.

Citi is to undertake a $100 million refurbishment of its skyscraper in Canary Wharf, reflecting optimism about Britain’s role in a post-Brexit future and a switch to more flexible working practices in the wake of the pandemic.

Google is suing two app developers who lured victims into downloading fraudulent investment apps on the Google Play Store.

Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.

Italian banking group Sella has launched an international incubation programme dedicated to startups focused on AI in finance.

The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation.

The world’s biggest banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role, according to a study.