Google Cloud has unveiled an AI-powered tool designed to speed up the notoriously slow mortgage application process.

Standard Chartered Bank has struck a five-year deal with Amazon Web Services to run its strategic banking systems and customer-facing applications in 60 markets on AWS.

French bank Societe Generale has announced a collaboration with crypto custodian and broker Bitpanda designed to accelerate the adoption of digital assets.

HSBC has made a strategic investment in account-to-account open banking payments vendor Token.io. The value of the investment was not disclosed.

A cash usage continues to dwindle, more than half of Brits now use mobile wallets for online and contactless payments.

HSBC UK is wading in to the robo advice market, launching an online advisory service that will deliver tailor-made recommendations based on an individual’s unique financial circumstances and needs

Two investment banks have made what they claim is the first over-the-counter options trade involving cryptocurrencies.

Mastercard has teamed up with NMI and Global Payments to launch its first cloud point-of-sale acceptance technology.

The UK’s Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

Finextra is opening a public consultation on the competitive pressures driving the future strategy and direction of banks, as the sector grapples with a series of profound disruptions that are shaking up the once staid payments industry.

5ire has raised funding from futuristic technology group SRAM & MRAM to be dubbed the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, boasting a valuation of $1.5 billion.

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.