Singaporean robo-advisory platform Smartly is to wind down, citing intense competition in the wealth management space.

The UK’s Financial Conduct Authority has appointed Sacha Sadan director of environment, social and governance (ESG) and Ian Alderton as chief information officer and Ian Phoenix as director, intelligence and digital.

Brazil’s Pix instant payments platform has added a recurring payments feature.

The Bank of Israel is inviting feedback on a newly-published high-level design for a potential digital shekel.

Lloyds Banking Group has secured a patent for the Global Collaborations Engine (GCE), that uses intelligent algorithms to identify cyberthreats instead of false positives.

Stripe has announced a tender offer for employees and shareholders that values the payments giant at $91.5 billion, close to its 2021 peak of $95 billion.

National Australia Bank is calling on third-party developers to use its API to create innovative – and scalable – financial applications over the course of a three-day fintech hackathon.

Our latest Finextra global survey report ‘Turning AI potential into advantage: How financial services institutions are scaling AI’, produced in association with Cloudera, is now available to download.

Scottish fintech startup Aveni has raised £520,000 for its video conferencing-based AI technology.

The Monetary Authority of Singapore has launched a $1.75 million global fintech challenge in search of solutions that can help financial institutions grapple with the existential threats posed by Covid-19 and climate change.

BBVA has moved its market data distribution network to Amazon Web Services, providing an at-scale platform for the equity markets area of its Corporate & Investment Banking unit that is capable of handling increasingly vast volumes of data

The Monzo mafia are back in business, with former co-founder Jonas Templestein and ex-VP of architecture Oliver Beattie on the hunt for funds for a new startup that aims to build generative AI coding tools.

Indian IT services provider Infosys announced that it has signed a $1.5 billion contract with an unnamed ‘global company’ for a 15 year period.

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

A new report from Greenpeace and WWF, finds that UK banks and asset managers were responsible for financing 805 million tonnes of CO2 in 2019, which would make The City of London the 9th biggest emitter of CO2 in the world if it were a country – ranked higher than Germany.