Investment funds authorised in the UK may now be able to progress their tokenisation strategies following the publication of the first report from a government-backed industry working group.

UK regulator, the Competition and Markets Authority (CMA) has fined Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada £104.5 million for sharing sensitive information about UK bonds between 2009 and 2013.

The UK’s Co-operative Bank is to migrate its treasury operations to the cloud, utilising Finastra’s Kondor platform running on Microsoft Azure.

The Bank for International Settlements has appointed Beju Shah as the new Head of the Toronto Innovation Centre.

Binance Pay has integrated with Brazil’s Pix system to enable people to use crypto to make instant payments in reais.

Banco do Brasil is to work with German firm Giesecke+Devrient (G+D) to test offline payments as part of pilot trials of its central banking digital currency, Drex.

The new technology enables the US giant to streamline pricing, improving the experience for both customers and associates.

Garanti BBVA is rolling out a crypto safekeeping service to its customers through a collaboration with Ripple and IBM.

PayPal has allocated $100 million to grow its business in the Middle East and Africa.

California-based open API card issuing and processing platform Marqeta is driving ahead with its global expansion efforts, signing up its first four European customers.

Revverbank, a Manchester-based new bank for regional businesses and savers in the UK, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities.

Macroeconomic risks have been highlighted as the biggest concern affecting the growth of global fintechs, according to research from the World Economic Forum (WEF).

Banco Sabadell’s BSTartup Green programme has joined a $1.1 million funding round for climate tech startup Wegaw.

The European Central bank has postponed a deadline for allowing non-bank payment service providers (PSPs) to access central bank-operated payment systems, including the Target settlement system.

Mastercard is to link executive bonuses to the company’s environmental, social and corporate governance goals.