TP Icap to migrate 80% of technology infrastructure to Amazon Web Services
TP Icap has signed a major agreement with Amazon Web Services to streamline and scale the brokerage’s technology infrastructure.
BNP Paribas to acquire stake in wealth tech firm Allfunds
BNP Paribas is to acquire a 22.5% stake in wealth mangement technology company Allfunds as part of an alliance to build a new fund distribution platform.
Bank of Thailand launched blockchain-based government savings bond platform
Thailand’s central bank has teamed up with IBM to launch the world’s first blockchain-based platform for government savings bonds, issuing a total of $1.6 billion within two weeks.
DBS takes the wraps off API platform
Singapore’s DBS Bank claims to have launched the largest bank API developer platform in the world.
Digital euro could get 2027 pilot ahead of 2029 launch
The European Central Bank says it could launch a digital euro pilot in 2027 ahead of a 2029 launch for the CBDC.
Stripe taps AI for cross-border commerce in Asia
US payments giant Stripe is bidding to build on its momentum in Asia with a host of new AI features to support cross-border commerce in the region.
Sibos 2025: Banks urged to be modern, not modernised
In Frankfurt, Finextra’s own managing director Gary Wright led a conversation on how modernisation and innovation is reshaping the industry.
Nasdaq to migrate North American markets to Amazon Cloud
Nasdaq is to migrate its North American markets to Amazon Cloud, beginning next year with options mart MRX.
Revolut scores UK trading licence
Revolut has been granted a trading licence by the Financial Conduct Authority, paving the way for the fintech to start offering UK-listed stocks.
JPMorgan Chase launches major fraud and scam prevention initiative
JPMorganChase is launching the largest fraud and scam prevention initiative in the bank’s history, including components related to consumer education, prevention, awareness and continuing investments in technology to reduce scam attacks.
ICBC ransomware attack disrupts Treasury trades
The US arm of Industrial and Commercial Bank of China was hit by a ransomware attack on Thursday, forcing clients to reroute some trades.
Deutsche Bank joins forces with wealth management software firm Qplix
Deutsche Bank has taken a minority stake in Qplix as part of a cooperation agreement with the Munich-based wealth management software firm.
Ramp aiming for $16 billion valuation on $200 million fund raise
Expense management startup Ramp is in discussions to raise around $200 million in a round of funding that would lift its valuation to about $16 billion.
Investment tech startup Jacobi raises A$11m
Australian investment technology platform Jacobi is targeting the UK after securing $11 million in funding from a group of Silicon Valley VCs.
Monzo slapped with £21 million fine for AML failings
The UK’s Financial Conduct Authority has fined neobank Monzo £21,091,300 over its “inadequate” anti-financial crime systems and controls that were in place between October 2018 and August 2020