Spain’s BBVA is setting up a business unit, called Spark, in Colombia focussed on serving entrepreneurs and tech companies.

Wells Fargo is the latest Wall Street giant to back Volante Technologies, investing $10 million in the cloud payments and financial messaging firm.

80% of financial institutions will become irrelevant by 2030 due to their inability to compete with digitally-savvy rivals, according to research by Gartner.

A host of major websites and apps have been knocked offline by an outage at Cloudflare, the network and security services provider which counts many financial services firms among its clients.

ESG reporting software provider, Greenomy, has announced its collaboration with Swift to provide ESG data and reporting capabilities to the Swift community.

Facet Wealth, a financial planning and advice startup targeting US consumers, has raised $33 million in a Series A funding round led by Warburg Pincus.

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

The Fintech Open Source Foundation (Finos) is forming an open standard project to describe consistent controls for compliant public cloud deployments in the financial services sector.

Brazilian financial market infrastructure player B3 has signed on for Genesis’s low-code application platform.

EBA Clearing is gearing up for the launch of an analytical pilot for pan-European fraud pattern and anomaly detection.

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

Mastercard and Coinbase are battling it out to acquire stablecoin infrastructure platform BVNK in a deal that could be worth up to $2.5 billion, according to Fortune.

Ant International, is evaluating the possibility of applying for stablecoin licenses in several countries, according to comments made during the Reuters Next Conference in Singapore.

In June 2022, banking giant NatWest launched Carbon Planner, a service designed to help businesses in reducing their carbon footprint. To learn more about the solution, Finextra spoke with head of climate change at NatWest, James Close.

Zopa Bank is promoting its interest-earning current account Biscuit by parading a giant box of biscuits through London, encouraging people to check the value of their account.