BNP Paribas, the French Public Investment Bank Bpifrance and the European Investment Bank have joined a €40 million funding round in climate data and analytics startup Kayrros.

After a six year hiatus, Stripe is returning to crypto, allowing merchants to accept stablecoins for online payments.

Innovate Finance held an event this week to launch their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit in London in April.

Southeast Asian digital bank digital bank Yup has raised $32 million to build the region’s version of Brazilian giant Nubank.

Crypto-focused German bank Nuri has staged a comeback from insolvency, relaunching with a streamlined service under its original name, Bitwala.

Revolut has been fined €3.5 million by the central bank of Lithuania for deficiencies in its anti-money laundering controls.

Europe’s largest ticketing provider, CTS Eventim, has become the first major e-commerce company in Germany to integrate the Wero wallet from the bank-backed European Payments Initiative into its online shop.

Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.

It is estimated that over the next 15 years, $93 trillion of investment will be required to build a low-carbon infrastructure across the world. This is an eye-watering sum, given that the CIA estimates the entire total of money currently in existence to be $80 trillion.

The UK’s banks will have to provide transparent data on how well they are protecting customers against authorised push payment fraud, under new rules drawn up by the Payment Systems Regulator.

Fintech companies are set to win significant market share from banks says JPMorgan’s Chase chief Jamie Dimon, who laments the regulatory constraints that hobble banks as they face up to the threat from Big Tech competitors.

Financial services firms must urgently review their IT systems and processes for managing customer vulnerability, experts warn as new independent guidance sets higher standards and is adopted by the Financial Ombudsman Service (FOS).

Financial technology firm Iress is to cut ten percent of its headcount amid a restructuring effort that will entail a leadership reshuffle and the divestment of its the Managed Fund Administration and platform services.

Pan-Nordic investment platform Nordnet temporarily shut down its services for four hours on Tuesday after customers reported being able to access other users accounts.