The Bank of England and New York’s Department of Financial Services have reached a resource sharing agreement involving the exchange of senior staff with expertise in emerging payments and digital assets.
The Universal Digital Payments Network (UDPN) has launched a digital currency sandbox for both commercial and central banks.
Tietoevry Banking has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) as new instant payment regulations come into force across the Eurozone.
The FCA has fined the London branch of Macquarie Bank £13 million for “serious failings” that allowed one of its employees to record over 400 fictitious trades.
The introduction of a central bank digital currency does not necessarily require a tradeoff between privacy and tackling financial crime, according to the Bank of England’s fintech chief.
ClearToken, a London-based clearing house for global digital assets, has secured a $10 million funding round with support from Laser Digital, the digital asset subsidiary of Nomura, several global liquidity providers including Flow Traders and GSR, and leading digital asset firms LMAX Digital and Zodia Custody.
British SME challenger bank Allica has boosted its working capital efforts and moved into the embedded finance market through the acquisition of fintech Kriya.
Circuit & Chisel, developer of a web-wide protocol for agent-initiated commerce and founded by two former Stripe employees, has raised $19.2 million in Seed funding.
Digital transformation solutions provider, CRIF, will offer its ESG audit solution Synesgy to UK businesses.
Carbon ratings agency BeZero Carbon has raised $32 million in series C funding.
Nationwide Building Society has built a new Business Integration Platform utilising Red Hat OpenShift to achieve service availability of 99.999% and faster deployment of upgrades and launches.
Morgan Stanley has agreed a deal to buy online discount brokerage E*Trade Financial in an all-stock deal worth around $13 billion.
French fintech Next Generation has secured $5 million in Seed funding to drive the launch of its B2B payment ecosystem and pursue M&A opportunities.
Swedish startup Scayl, a debt financing platform based in Stockholm, has raised €100M to address a lending gap in the fintech sector.
It is “nearly unavoidable” that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.