PayPal has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank.

Morgan Stanley is preparing to offer crypto trading to retail customers through its E-Trade platform, according to reports. The Wall Street giant is working with zerohash on the plans after joining a $104 million funding round for the crypto and stablecoin infrastructure platform.

Indian payments company Pine Labs is reportedly seeking to raise more than $430m from its upcoming IPO in Mumbai.

HSBC is to slash 35,000 jobs as part of a major overhaul of its business after seeing profits plunge by a third in 2019.

Norway’s largest bank, DNB, is launching a new version of its mobile app, powered by the open banking platform Nordic API Gateway.

As head of open innovation at Spain’s BBVA, Jose Antonio Gallego is in the front line of the digital transformation of banking. He speaks to Finextra about the challenges facing the industry and how BBVA is seeding a new culture of innovation across the bank.

Gearing up for the annual Sustainable Finance Live conference on 10 October 2023 at Events@No6 London, Finextra is interviewing industry experts who will be speaking at the insightful panel discussions during the conference.

Worldline is the latest payments outfit to offer merchants the EPI’s Wero digital mobile wallet as an option in their online checkouts.

HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry.

Asset servicer Northern Trust has launched a blockchain-based platform which enables institutional buyers to digitally access carbon credits.

Blockchain infrastructure provider Paxos has reached a $48.5 million settlement with New York regulators over AML failures in its relationship with Binance.

Visa has reportedly offered Apple roughly $100 million to take over the tech giant’s credit card partnership from Mastercard.

A desire for standardisation of ESG data may be folly, according to Bruno Bertocci, head of sustainable equities at UBS Wealth Management.

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.