Freetrade has announced it is leaving the Swedish market to focus its resources on UK self-directed investment market.

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

Deutsche Bank’s DWS is collaborating with crypto invesment firm Galaxy Digital and liquidity provider Flow Traders to create a joint venture for issuing a EUR-denominated stablecoin.

Lloyds Banking group is opening its innovation sandbox to a neural network-based AI product from UnlikelyAI.

Goldman Sachs and Nomura are among the companies using Meta’s Llama open source artificial intelligence models.

As the national independent authority in Ireland, the Data Protection Commission (DPC) is responsible for protecting the personal data of individuals in the EU in accordance with GDPR, the EU’s Law Enforcement Directive (LED) and Irish ePrivacy Regulations.

Axiology, a Lithuania-based tech firm operating in the digital assets space, has been granted a licence from the Bank of Lithuania to carry out digital bond issuance via the blockchain.

Nationwide Building Society has rolled out a new cloud-native Speed Layer to help it quickly deploy new products and services.

Investment bank Bpifrance has become the first French lender to deploy Thought Machine’s cloud-native core banking platform.

The UK’s Financial Condut Authority is consulting on proposals to raise contactless limits for larger payments.

The cloud can power innovation for financial institutions. As reported by McKinsey, 70% of banks are reviewing their core banking platforms and are beginning to leverage the potential that cloud-native services can deliver, as well as the offerings provided by technology vendors.

Investors across the world want ease and access to the best, most rewarding investments
without encountering too many obstacles. Except, for the UK investor, access to US markets
can come with a host of complications. Robinhood, an American trading and investment app,
sought to solve that.

In the wake of the Consumer Financial Protection Bureau’s decision to ditch its open banking rule, the American Fintech Council (AFC) has called on the regulator to preserve people’s right to access and share their financial data.

Standard Chartered and Ant International have commenced live production trials for a bank-to-wallet payment service that uses the ISO 20022 financial messaging standards and Swift infrastrucuture.

They may be the current darling of the financial services world, but stablecoins fall short as a form of sound money and at best may “eventually play a subsidiary role in the hinterland of the financial system,” according to the Bank for International Settlement.