Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt.

Nationwide is to open a new digital innovation centre in London, creating over 750 new technology jobs.

Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners.

Citi has made an equity investment in Vontive, an embedded mortgage platform for investment real estate.

Former governor of the bank of England Mark Carney has joined the Board of directors of hot Web payments firm Stripe.

The FCA is interviewing 20 ‘finfluencers’ under caution who may be touting products illegally, extending its crackdown on financial product promotions via social media personalities

HSBC has integrated embedded banking services into NetSuite Accounts Payable Automation, a cloud enterprise resource planning (ERP) platform.

The chief information security officer at JPMorgan Chase is calling on third party software providers to prioritise security over speed to market, warning that the shift to a SaaS delivery model is creating “substantial vulnerability”.

Nordic bank SEB has created a new unit to invest venture capital in green technology companies in the region.

The fastest growing scams of 2024 have been uncovered in a new study by NatWest which reveals 42% of British adults have been targeted by a scam in the last 12 months.

EBAday, the annual event for payments and transaction banking executives, will return on 20th – 21st of June 2023 at IFEMA in Madrid, Spain.

Frax intends to be the US digital dollar and to establish itself as “the world’s most innovative decentralised stablecoin and DeFi stablecoin infrastructure.”

Fintech Autopay has rolled out a biometric palm-authentication payment system in Poland. Meanwhile, Chinese tech giant Tencent is eying Thailand as a launchpad for its own biometrics-based payments technology in Southeast Asia.

National Australia Bank’s venture arm has acquired a stake in Zodia Custody, joining Standard Chartered, Northern Trust and Japan’s SBI Holdings as investors in the digital asset safekeeping platform.

True artificial intelligence may still be some years off but the financial services industry is already beginning to reap the benefits of augmented intelligence, says a data scientist working on IBM’s Watson.