PwC Italy and SKChain Advisors prep blockchain-based digital identity product
PwC Italy has joined forces with blockchain consultancy SKChain Advisors to develop an enterprise-grade Web3 EU digital identity product.
Digital asset infrastructure firm Metaco raises $17m
Swiss digital asset infrastructure startup Metaco has raised $17 million in a series A funding round led by Giesecke+Devrient and joined by Standard Chartered Bank and Zürcher Kantonalbank.
BBVA wins plaudits from OpenAI for ChatGPT5 tests
During the global launch of its new language model, OpenAI has identified BBVA as one of the first institutions to adopt the technology in the financial sector, cutting weeks off the time to conduct technical tasks.
Tapi buys Mastercard’s Arcus assets for Mexico push
Argentinian payments processor tapi has acquired the utility payments and cash handling operations of Mastercard’s Mexican business Arcus.
Klarna to use AI to halve workforce
Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce.
Startups selected for inaugural climate incubator
Eight climate-focused startups have been selected to participate in what is claimed to be the world’s first climate-focused fintech incubator in the Nordics and Baltics.
Have the wheels come off the robo-advisory market?
Has the wealth management industry hit peak robo? That’s the question being asked by Global Data following the restructuring of Hedgeable, the first actively managed robo-advisor, just short of it’s tenth anniversary.
JCB to begin Phase 2 trials of offline CBDC
Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).
Charles Schwab to buy private markets platform Forge for $660m
Wall Street broker Charles Schwab has splashed out $660m to acquire investment platform Forge Global in a sign of the growing interest in private investment markets.
BIS Innovation Hub sets sights on stablecoin monitoring
The Bank for International Settlements has set out the plans for its Innovation Hub network in 2023, including work on the systemic monitoring of stablecoins.
Innovate Finance calls on the Government to set up National Anti-Fraud Centre
Fintech trade body Innovate Finance is calling on the UK Government to set up a National Anti Fraud Centre for cross-sector data sharing and introduce shared liability for social media and telecommunications firms
G20’s cross-border payments plan to miss 2027 deadline
Payment firms have reacted with disappointment to the news that a plan promoted by the G20 to make cross-border payments more efficient is set to miss its first deadline.
Asia to dominate global fintech market – report
Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.
Digital Token Identifier to monitor crypto-derivative risk across G20
The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.
Sardine raises $70m for AI fraud platform
Sardine, an AI risk platform for fraud, compliance, and credit underwriting, has raised $70 million in a Series C funding round led by Activant Capital.