Fiat Republic, a BaaS startup working to simplify the process of crypto platforms connecting with bank transfer networks, has raised $7 million in a seed funding extension round.

California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.

The UK’s Financial Conduct Authority is to host an international operational forum aimed at developing tools to tackle the rising tide of greenwashing in financial services.

Canadian startup Beacon has opened the waitlist for its purpose-built digital wallet for immigrants moving to the country.

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud.

The Bank of Israel has assembled 14 teams from the private sector, the public sector, and academia to study potential use case for a digital shekel.

JPmorgan Chase is to launch its retail digital bank in Germany next year.

IBM has hired former Bank of America chief technology officer Howard Boville as head of its cloud business.

ABN Amro, IBM, Holland FinTech and Linux Foundation are to run the first-ever Hyperledger hackathon, inviting coders to develop new financial applications capable of running on distributed ledgers.

The next year will see an industry tipping point for AI innovation in the financial sector, says Zac Maufe, global head of regulated industries at Google Cloud.

As Generative AI gives fraudsters more ways to scam victims, Santander has produced fake AI-generated social media adverts of popular Christmas gifts to to show just how realistic the bogus adverts can be, whilst helping Brits spot the tell-tale signs.

French revenue management startup Hyperline has raised $10 million in a seed extension round led by Index Ventures.

Cloud-based payment processing startup QRails has closed an $8 million Series A funding round led by EFM Asset Management.

The Financial Conduct Authority has launched a stablecoin-specific cohort of its regulatory sandbox. Separately, the watchdog has accepted regtech Eunice into the sandbox to look into an industry-led effort to boost transparency in the UK’s crypto markets

Towards the end of the UK’s AI Safety Summit taking place this week, Prime Minister Rishi Sunak and tech tycoon Elon Musk sat down for a conversation on artificial intelligence (AI).