Istanbul-based retail investing startup Midas has raised $80 million in Series B funding led by QED Investors.

OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.

Visa is running pilot trials of USD-backed stablecoin payouts to creators and gig workers.

Anthropic, the AI startup backed by Amazon and Google, has launched a tool to help finance professionals analyse markets, conduct research, and make investment decisions with its Claude models.

Commonwealth Bank of Australia has launched a Sustainability Action Tool to provide insights into actions businesses can take to reduce their environmental impacts and lower costs.

Saxo Bank is to give traders and developers access to its trading infrastructure via a new Rest-based open API, ushering in a new era of collaborative innovation.

Hot on the heels of news that nine European banks have partnered to launch a Euro denominated stablecoin, Finextra spoke to Floris Lugt, digital assets lead at ING, about the catalyst for this launch and why they didn’t want to wait for the ECB’s digital euro launch slated for 2029.

PayPal Ventures has led an $18 million funding round in Kite, a company building the trust infrastructure for AI-generated autonomous payments.

DBS describes the growth of digital currency as both fascinating and daunting in a new research paper, ‘Digital Currencies: Public and Private, Present and Future’.

Marquis Software Solutions, a provider of marketing and compliance technology to the financial services sector, says the customer data of some of its bank and credit union clients has been stolen in a cyberattack.

Charlie Javice has been sentenced to seven years in prison for defrauding JP Morgan Chase in the $175 million deal to buy her fintech Frank.

Canada’s Wealthsimple has acquired investment research platform Fey. Financial terms of the deal were not disclosed.

JP Morgan has unveiled two proprietary biometric-enabled in-store payment terminals that will be offered to retailers later this year.

Asset servicer Northern Trust and Standard Chartered have sought to capitalise on the growing demand for cryptocurrency services by jointly developing a digital custody service aimed at institutional investors.

Kroo, a UK startup building a “social” bank, has raised £17.7 million in Series A funding round led by tech entrepreneur Rudy Karson.