Standard Chartered’s venture arm SC Ventures has joined forces with Japan’s SBI Holdings to set up a digital asset joint venture investment company in the UAE.

The Monetary Authority of Singapore is to commence a new series of asset tokenization pilots in collaboration with 17 international banks.

Retail investment platform Lightyear is moving into the small business market, launching UK business accounts and opening access to money market funds for freelancers and sole directors in the UK via a partnership with BlackRock.

Lloyds Banking Group is deploying technology from PrimaryBid to provide retail investors with access to public company capital raises in both equity and debt.

Freetrade has announced it is leaving the Swedish market to focus its resources on UK self-directed investment market.

Gunjan Kalra will take on her new role in September 2023, and will report to the global head of Citi Commercial Bank (CCB) Tasnim Ghiawadwala and APAC CEO Peter Babej.

FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of ‘deep fake’ fraud.

A consortium of five global banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC have formed a joint venture company to create a Position Reporting Utility for reporting securities holdings to regulatory bodies.

S&P Global and CME Group have agreed to sell Osttra, a provider of post-trade infrastructure to the global OTC market, to investment funds managed by KKR for $3.1 billion.

The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.

UBS has launched Hong Kong’s first investment-grade tokenized warrant on the Ethereum public blockchain network.

State Street is to add tokenization and digital custody services to its digital assets business through a deal with infrastructure provider Taurus.

Klarna has paused plans for its initial public offering amid market turbulence sparked by President Donald Trump’s tariffs.

UK RegTechs FundApps and SteelEye have merged to create a unified platform combining surveillance, monitoring, reporting, and analytics for buy-side and sell-side institutions.

UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.