The UK’s Financial Conduct Authority is exploring whether to ban Brits from using credit to buy cryptoassets.

Revolut is aiming to become the most valuable start-up in Europe with a target valuation of $40 billion, the FT reports.

Singapore’s DBS Bank is to launch a startup accelerator in Hong Kong in partnership with local innovation incubator Nest.

JP Morgan has struck a deal to offer its JPM Coin digital token as a settlement mechanism for Broadridge’s DLR (Distributed Ledger Repo) platform.

Deutsche Bank has co-led a $10 million Series A funding round for Norwegian compliance automation technology provider Kosli.

UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.

Research by Deloitte has found that funding for invest-tech platforms dipped sharply in 2019 to match a long-term slump in the number of new firms coming to market.

Tamara, a fintech startup based in Saudi Arabia, has secured a $150 million debt facility in its latest fundraising round.

Arvest, the operator of a collection of small community banks in the US, has struck a deal to implement for Thought Machine’s cloud-native core banking platform, Vault.

Mastercard has appointed HP’s Ellen Jackowski chief sustainability officer, spearheading the payment giant’s ESG strategy.

HSBC has issued an urgent fraud warning after a spike in the number of UK customers downloading dummy apps that trick users into handing over financial information.

JPMorgan’s response to the rising interest in stablecoins is to launch its own rival token, called JPMD.

In a further post-Brexit boost to the UK’s fintech sector, a New York-based blockchain consortium is to open a London office.

Condukt, an AI-based compliance startup founded by former employees of Revolut, has raised $10 million to support expansion into regulated financial services.