PayPal is bidding to encourage uptake of its stablecoin by offering US users an annual rewards rate of 3.7% on their holdings.

The Bank for International Settlements (BIS) and the Banco Central do Brasil have put sustainable finance at the centre of the latest G20 TechSprint hackathon competition.

After pausing plans for its US initial public offering amid market turbulence in the spring, Klarna will restart the process next month, according to Reuters.

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital.

Financial analytics vendor FactSet has agreed to buy AI-driven environmental, social, and governance (ESG) data outfit Truvalue Labs. Financial terms of the deal were not disclosed.

The Cambridge Centre for Alternative Finance (CCAF) has published an update to its Cambridge Bitcoin Electricity Consumption Index (CBECI) which provides estimates on Bitcoin greenhouse gas emissions.

Irish bank AIB has raised €500 million from issuance from its seventh green bond, which will fund a environmental and climate action projects.

The Bank of England has handed a two-year cloud development contract to London-based Appvia.

90% of UK banks and 56% of Swiss banks have lost business in the trade finance industry due to lack of decarbonisation financing terms, according to research from Pole Star. The maritime, governmental, and financial technology solutions company is calling for environmentally-driven regulation for banks falling behind on sustainability and carbon emission reductions.

Swiss core banking vendor Temenos is to deliver access to digital assets for its banking clients through a relationship with local startup Taurus.

Meta has teamed up with BNPL firm Klarna to launch a ‘Play Now, Pay Later’ bundle for its mixed reality headsets in the UK.

A group of former Revolut, Coinbase and Spotify staffers have unveiled Zeal, a digital wallet for managing crypto and interacting with web3 and decentralised finance apps.

As it faces up to a lawsuit from New York’s attorney general for allegedly failing to protect users from “massive amounts of fraud,” bank-backed P2P payments service Zelle has gone on the offensive, insisting that just 0.02% of all transactions result in a report of fraud or scam.