The Financial Stability Board (FSB) has set out proposals to ensure greater convergence in cyber incident reporting.

FNZ has raised $1.4 billion in an equity funding round that values the wealth management platform at more than $20 billion.

Citigroup is facing investigation from a number of US government agencies for its connections to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov.

According to a recently released report from the National Audit Office (NAO), the UK government’s Pensions Dashboards Programme (PDP) has been delayed due to a lack of digitally skills and incapacity.

Qomodo, an Italian startup that helps physical merchants offer their customers BNPL payment options, has raised €13.5 million in Series A funding.

Payments outfit equensWorldline has joined forces with Berlin-based fintech ecolytiq to help European banks provide their customers with data on their environmental footprints.

Standard Chartered’s venture arm has invested in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. Terms were not disclosed.

The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has fined the operator of crypto platform Cryptomus C$177 million for non-compliance with AML and counter-terrorist financing laws.

The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports

Robo advisor Betterment has reached a Unicorn-level valuation of $1.3 billion after securing $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.

Crypto exchange Kraken has launched a payments service that lets users send more than 300 different fiat and digital currencies to friends and family.

The Bank for International Settlements and its central bank partners have successfully demonstrated how wholesale payment infrastructures, such as RTGS systems, can interoperate with each other for FX transactions via new technologies, such as distributed ledgers.

The Monetary Authority of Singapore has launched an ESG Hub designed to spur collaboration between fintech startups, financial institutions and other stakeholders.

Barclays Bank is calling for social media platforms to act fast to improve verification of financial adverts after reporting a large spike in investment scams.