The UK’s Financial Conduct Authority has set out plans to streamline transaction reporting requirements in a move it says will save firms £100 million a year.

Plaid, a US startup that links consumer bank accounts with fintech apps, has launched in the UK.

Daloopa, a provider of AI-powered data extraction services to hedge funds, investment banks, and other financial institutions, has raised $13 million in funding.

US Congress grilled TikTok CEO, Shou Zi Chew, when he appeared before Congress yesterday, as the company faces increasing calls for a US ban.

The UK’s financial services industry is facing an “existential skills crisis”, says a Government-sponsored report, with graduate recruitment on the wane and existing staff unable to keep pace with dizzying levels of technological change.

Money transfer fintech Wise is set to take on India’s banks in the country’s $32 billion remittance market after securing a new licence from the RBI.

US-based smart contract auditing startup Quantstamp is setting up shop in Japan following a “significant” investment from Nomura and Digital Garage.

InvestCloud has unveiled a digital platform for wealth management and turnkey asset management programs (Tamps).

Pipe Technologies has raised $60 million in equity and asset financing to support the growth of its SaaS financing platform.

Subsidiaries of Charles Schwab have agreed to pay $187 million to settle SEC charges that they misled clients about fees for the broker’s robo-advisor product.

Deutsche Bank has hired two senior executives from SAP to help guide its global technology and innovation strategy.

Confirmation of Payee (COP) has a key role in the instant payments infrastructure as a service that verifies account names prior to making a payment, the scheme ensures that funds are being transferred to the correct account.

NatWest has created a free to use digital Carbon Planner tool designed to help UK businesses lower energy bills as they cut their carbon footprint.