The US arm of Industrial and Commercial Bank of China was hit by a ransomware attack on Thursday, forcing clients to reroute some trades.

Berlin-based payments platform for SMEs Unzer has joined the European Payments Initiative (EPI) to support the roll out of the Wero digital wallet.

Abu Dhabi Global Markets (ADGM), the emirate’s international financial centre, has further underlined its fintech ambitions with the launch of a digital sandbox.

Morningstar is to acquire 100% ownership of Sustainanalytics, a Dutch-domiciled provider of environmental, social, and governance (ESG) ratings and research.

Sweden’s central bank is calling on banks to join in the ongoing work to enable instant cross-currency payments within Europe via the Target Instant Payment Settlement (Tips) system.

The Bank for International Settlements and Swift are to run an ISO 20022 and API hackathon in a global search for new ways to make cross-border payments faster, cheaper and more transparent.

London-based payments network TrueLayer is set to expand its presence in Europe after striking an agreement to buy Nordic competitor Zimpler.

Companies adapting to the new normal brought on by the pandemic have been forced to undergo a digital shift toward contactless payments and a surge in online transactions. As a result, many are looking to Banking-as-a-Service (BaaS) to enable innovative financial and payments services that can be embedded into digital apps and products. Further, the deployment of BaaS enables a faster time to market for more personalised propositions.

ANZ is to cut 3500 jobs over the next 12 months, marking a 14% reduction in the Australian lender’s workforce.

In what has been dubbed one of the largest of its kind in the crypto industry, MoonPay’s credit line with Galaxy comes at a time of unprecedented momentum for the crypto industry, ensuring the solution provider is in a position to capitalise and solidify its role in the global digital economy.

Cristiano Ronaldo has been hit with a $1 billion-plus class action lawsuit over his promotion of an NFT collection with controversial crypto exchange Binance.

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.

ABN Amro is moving into the robo-advisory space, preparing for the launch of a new digital wealth management platform in Germany.

UK’s Atom bank has announced the launch of its Easy Access Cash Individual Savings Account (ISA).