German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.

US authorities have charged the Russian founder of Hong Kong-based crypto exchange Bitzlato, which it says was used to launder hundreds of millions of dollars in criminal proceeds from the darknet.

London-based AI-enhanced digital wealth manager Rosecut Technologies has secured investment from QVentures.

Bank-to-bank payment network Swift is to develop a shared digital ledger with 30 member banks to test the use of blockchain technology for real-time cross-border payments.

Claire Calmejane, chief innovation officer of Société Générale, tells Finextra Research that Banking-as-a-Service platforms are playing for both sides of the field with both greenfield and incumbent banks future-proofing their businesses against the evolving face of financial services.

Shawbrook Bank has used technology and DevOps development training from AND Digital to reduce the time required to switch mortgage products from 107 days to just 13.

Switzerland is setting up a Green Fintech Network to help the country take advantage of the “great opportunity” presented by sustainable finance.

An AI-backed finance comparison site, called FundOnion, has launched to help small businesses in the UK find funding.

The imminent introduction of the EU’s Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.

MasterCard is inviting Canadian coders to participate in a two-day developer challenge, building payments-related apps for cash prizes.

Bolt has released a new SuperApp combining one-click crypto and everyday payments to compete with the likes of Coinbase, Zelle and PayPal.

Finextra is pleased to announce the launch of its inaugural Financial Cloud Summit, set to take place in early 2023.

Chinese e-commerce giant, Alibaba, has announced its plans to spin off its cloud division into a separate publicly traded company. This comes after the Alibaba’s extensive restructuring which reorganised the company into six divisions earlier this year.

Fintech giant Revolut is set to buy Small Argentinian lender Banco Cetelem from BNP Paribas, according to Bloomberg.

Six of America’s biggest banks are to participate in a year-long climate scenario analysis exercise, testing their ability to cope with hypothetical climate-related risks.