Black Ore, a startup developing AI tools for financial services firms, has emerged from stealth with $60 million in financing led by a16z and Oak HC/FT, with participation from a host of big-name angel investors.

The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.

UK-based fintech Colt Technology Services has completed a proof of concept (PoC) which it claims demonstrates the viability of hosting and distributing multicast data in the cloud for capital markets firms.

New Zealand-based anti-money laundering technology scaleup First AML has launched in the UK as it seeks to take advantage of a ‘perfect storm’ of events boosting interest in its platform.

Standard Chartered’s SV Ventures arm is launching a fintech that helps firms in regulated industries build run and deploy business applications in the cloud.

Binance has launched a parent-controlled crypto app and sub-account for kids and teens aged between six and 17.

National Australia Bank has signed a five-year deal with Microsoft to co-design, develop and invest in the bank’s multi-cloud strategy, porting 1000 of its 2600 apps to Azure as the primary cloud.

Standard Bank South Africa is moving its core SAP Cloud Platform services to Microsoft Azure in a move the bank says will have a significant effect on customer experience.

ING is to provide customers in Spain and the Netherlands with a ‘financial advisor in your pocket’ through the launch of a new mobile app dubbed My Money Coach.

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South.

After years of wrangling, the UK Government is finally introducing new rules to clamp down on what it describes as the ‘wild west’ of buy now, pay later lending.

Standard Chartered has signed an AI and cloud deal with Albibaba Group.

Registration for Sustainable Finance Live, Finextra’s programme of content, workshops and experiments, designed to create actionable ESG strategies, is now open.

Crypto and blockchain giant Ripple is launching its own dollar-pegged stablecoin.