The UK’s fintech sector faces an uncertain future, with almost half of firms flagging the potential risk of failure by the end of 2023, according to new research commissioned by business advisory firm FRP.

Datalign, an AI platform matching people with financial advisors, has secured a $5 million investment from Link Ventures.

Asset managers and institutional investors are much likely to trade digital assets if there is a recognised custodian involved, suggests recently publish research.

Barclays is launching an online and in-branch ‘Code Playground’ to help families of all ages acquire digital skills and knowledge.

Amazon reported that its cloud growth has slowed, as business customers reduce spending amid market uncertainty.

AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.

InvestCloud has completed a recapitalisation that values the wealth platform at $1 billion. As part of the deal, two additional businesses are being rolled into InvestCloud, immediately pushing the valuation of the combined business up over $2 billion.

Banks need to ditch rigid and reactive applications in favour of flexible and proactive APIs and apps, says research house Gartner.

India’s central bank, the Reserve Bank of India (RBI), is set to introduce new rules for IT outsourcing within the financial services sector.

Wells Fargo fired several employees for faking work by using “mouse jigglers” to simulate computer activity, according to Bloomberg.

Amid industry concerns about the dominance of Big Tech in the provision of digital wallets, UK financial regulators say they will take a back seat and support the country’s Competition and Markets Authority in its wider investigations into Apple and Google’s mobile ecosystems.

Sweden’s Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.

A new certification programme claims to be the first global qualification exclusively for technologists working within financial institutions.

Escaping from the main stage for a hot minute, Finextra listened in to a pitch on the Sibos Discover stage, where Fabian Vandenreydt, chief strategy officer at Greenomy, outlined the ESG-focused fintech’s plan to streamline banks’ and corporates’ sustainable finance reporting in line with the EU Taxonomy, SFDR and CSRD/NFRD.

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement – payments & receivables – cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Bank.