German financial regulator BaFin has imposed more sanctions and oversight on N26. Separately, the digital bank has appointed UBS executive board member Mike Dargan as CEO.

A secure communication channel designed to protect financial data against future threats from quantum computers has been successfully established by the BIS Innovation Hub Eurosystem Centre, in concert with Banque de France and Deutsche Bundesbank.

A Japanese YouTuber who streams his pet minnows playing games on a Nintendo Switch was recently shocked to find some fishy charges to his credit card.

Adrian Mountstephens of Equinix believes that the Covid-19 pandemic will put the brakes on real-time payments rollouts as companies focus their attention and resources elsewhere.

PayPal has hired programmer, computer scientist, and open source champion Danese Cooper as its first head of open source.

Global investment and trading platform IG has become the first UK-listed company to roll out crypto trading to retail users in the UK.

Digital banking giant Revolut has appointed Frederic Oudea, former chief executive at Societe Generale, as chairman for its Western European operations.

Nationwide has moved its public-facing website to Microsoft Azure, marking the building society’s first application to be hosted in the Microsoft cloud.

India has postponed the roll out of a cap that would limit the market share of third party app providers using the country’s Unified Payments Interface (UPI).

Lloyds Banking Group has hailed the success of its inhouse Innovation Sandbox as a key measure in improving its ability to collaborate with fintechs.

HSBC UK has become the first bank in the UK to launch a video call support feature as part of its online advice service, My Investment.

Speaking at the Temenos Community Forum at Vienna earlier this year, Finextra interviewed Adam Gable, product director of financial crime, treasury, and risk at Temenos, and Hani Hagras, chief science officer at Temenos to discuss how instant payments has been a catalyst to accelerate speed and innovation in financial crime mitigation.

PwC has signed on as a strategic implementation platform for Starling Bank’s Software-as-a-Service platform, Engine.

The environmental footprint of a person’s yearly use of euro banknotes is equivalent to driving 8 km by car, or 0.01% of an individual’s total carbon consumption, according to a study by European financial authorities.

AI-powered credit intelligence platform AIR has raised $6.1 million in a seed funding round co-led by Work-Bench Ventures and Lerer Hippeau.