Bitcoin ATM operator jailed for four years
The operator of a crypto ATM network in the UK has been sentenced to four years in prison in the first such case brought the FCA.
NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI
Give the future of payments the green light at the Münchenbryggeriet in Stockholm, Sweden on 29 April 2025 where the stage will be set for a transformative shift in financial services. NextGen Nordics will gather core decision-makers, stakeholders, and experts within the payments sector to focus on digital resilience, advanced technologies, regulatory frameworks, and set a course of action for the financial ecosystem of tomorrow.
DriveWealth buys broker dealer to bring retail investing tech to Nyse floor
DriveWealth is set to bring its API-based brokerage technology for retail investors to the floor of the Nyse thanks to a deal to buy institutional broker dealer Cuttone and Company. Financial terms were not disclosed.
Barclays leads $6.6 million Seed round in fashion finance platform Responsible
Barclays has led a $6.6 million Seed round in Responsible, creators of an embedded finance platform designed to enable circularity in the fashion industry.
Afin Bank secures licence to serve African diaspora in the UK
Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.
BaaS platform Griffin raises $24 million and launches as a fully-operational UK bank
UK Banking-as-a-Service startup Griffin has snared $24 million in fresh funding to meet regulatory capital requirements and exit ‘mobilisation’ as a fully-licenced bank.
Financial services firms warming to DevOps
Financial services organisations are adopting DevOps approaches faster and with more decisiveness than other industries as they bid to head off competition from an encroaching army of nimble startups, according to research from Vanson Bourne.
Standard Chartered launches global video banking push
UK bank Standard Chartered is planning to roll out its video banking service to more than five million users across Asia, Africa and the Middle East.
Morgan Stanley and Stripe tap into OpenAI’s GPT-4
Morgan Stanley Wealth Management is tapping OpenAI’s GPT-4 to deliver content and insights into the hands of financial advisors. Payments giant Stripe is also integrating GPT-4 into its products and services.
AIB apologises for online banking glitch
Irish high street bank AIB has admitted to a glitch in its online banking service after it was highlighted by newspaper The Irish Independent.
Sibos: CBDC case studies in China, Kazakhstan, the Bahamas, and Europe
On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.
Ripple begins stablecoin roll out
Ripple has commenced the roll out of its RLUSD stablecoin on global exchanges Uphold, Bitso, MoonPay, Archax, and CoinMENA, with more in the pipeline.
Deutsche Bank partners NVIDIA for AI push
Deutsche Bank has inked a multi-year agreement with NVIDIA to accelerate the use of AI in financial services.
Checkout.com cuts staff after sales losses
UK-based payments processor Checkout.com has cut almost a quarter of its work force following a drop in revenue.
UK Government commissions report into impact of AI in financial services
The UK Treasury has instructed the Financial Services Skills Commission (FSSC) to produce a report on AI skills needs, training and innovation in financial services.