US bank-backed P2P payments service Zelle says it will use stablecoins to enable users to make cross-border payments.

US bank Fifth Third has moved to scale its cash management operations through the acquisition of DTS Connex. Terms were not disclosed.

Swiss bank UBS has replaced plastic with corn for a new environmentally-friendly credit card and also introduced a purely virtual card.

Two hundred ING employees and 100 external developers/IT students from Romania are expected to participate in the bank’s annual 24-hour coding event, competing to create innovative ideas for a ‘next generation digital bank’.

German banking giant Deutsche Bank has agreed a multi-year partnership with Google Cloud for the provision and joint development of cloud services.

Authorities from Malaysia and Singapore have signed a memorandum of understanding to build a blockchain-powered cross border digital trade network.

The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased.

Payments professionals from across Europe are gathering in Munich this week for EBAday 2018, hosted by the Euro Banking Association and Finextra. We’re liveblogging events here.

Mollie has agreed a deal to acquire GoCardless, marking a new wave of consolidation in the venture-backed fintech payment sector.

Scotland has unveiled a “Fintech Gateway” with North America in an effort to accelerate international growth for the country’s fintechs while attracting a wave of foreign direct investment.

Faruk Fatih Ozer, the former boss of failed Turkish cryptocurrency exchange Thodex, has started a lengthy jail sentence after he was found guilty of defrauding investors in a multimillion dollar fraud.

Mastercard has launched a GenAI-based digital assistant designed to speed up customer onboarding.

Lord Christopher Holmes, Baron Holmes of Richmond will open Finextra’s fifth SustainableFinance.LIVE conference and hackathon as keynote speaker on the 29th of November.

US investment bank Citi has named its current CEO, Jane Fraser, as chair of the board of directors.

A former bank employee and his acccomplice have been sentenced to a combined total of five years and seven months in prison after stealing £130,000 from customer accounts.