A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.

Polar, a fintech startup building payment infrastructure for AI-native SaaS companies, has raised a $10 million Seed round.

While open banking was initially regarded by many as a typical compliance exercise, following the implementation of the Second Payments Services Directive (PSD2), banks are now shifting gears and going beyond the regulatory requirements by leveraging the benefits of open APIs to cater to customer needs and innovate open banking business models.

Broadridge has launched a ChatGPT-style Large Language Model for streamlining back office operations and cutting settlement fails.

The Financial Conduct Authority (FCA) found that the amount of workplace complaints have increased between 2021 and 2023, in its non-financial misconduct survey.

National Australia Bank says it expects to phase out passwords for internet banking within the next five years, replacing the security measure with passkeys and biometric recognition technology.

Visa has launched stablecoin settlement in the US, letting issuers and acquirers settle in Circle’s USDC token.

PayPal’s blockchain partner Paxos accidentally minted $300 trillion in stablecoins in an internal transfer on Wednesday.

Sber has developed a cloud platform for AI model training that the Russia bank says will help data scientists push ahead with their experiments.

In light of the European Commission’s call for comment on the Renewed Sustainable Finance Strategy, the Association for Financial Markets in Europe (AFME) posited that the cornerstone of future policies should be transition in the real economy – non-financial sectors – and banks should encourage and support them to reflect on uptake, effectiveness and identify issues and gaps in their current approach.

M1 Finance has raised $45 million in a Series C funding round for its “super app” offering automated investing, borrowing and banking products.

Coventry Building Society’s £780 million takeover of the Co-operative Bank has been given regulatory approval.

German sustainable fintech startup Tomorrow has raised €14 million in financing and outlined plans to secure another €5 million in a crowdfunding campaign.

NatWest has banned WhatsApp, Facebook Messenger and Skype on company phones and computers amid concerns about regulatory scrutiny of record keeping.

Anthony Thomson, the founder of Metro Bank and Atom Bank, is seeking to shake up the private banking market with the creation of a new international bank to serve family offices and ultra high-net-worth individuals.