JPMorgan drops Nutmeg wealth management brand
JPMorgan Chase is killing off its Nutmeg digital wealth management brand in the UK and replacing it with JP Morgan Personal Investing.
Warwick Business School opens Fintech Innovation Lab
Warwick Business School has launched a new Fintech Innovation Lab in the West Midlands following £4.2m of investment.
Visa develops dashboard to make sense of stablecoin activity
Visa has teamed up with blockchain data provider Allium Labs to build a dashboard that helps people make sense of stablecoin activity.
IOSCO highlights risks of tokenisation
A report from the International Organization of Securities Commissions (IOSCO) has highlighted the challenges involved with the nascent tokenisation market including uneven efficiency gains for participants, legal uncertainty and inconsistent regulation.
US digital dollar is “nowhere near” development, says Federal Reserve chair
Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.
Fraud prevention is top payments priority for Brits
More than half of Brits say that fraud is their biggest worry, along with loss of funds, when it comes to making payments, according to research from Santander UK.
ABN Amro imagines a cashless dystopian future to attract new talent
ABN Amro has taken a novel approach to recruiting fresh talent, creating a fictional future in a mobile gaming app and challenging prospects to use their tech skills to prevent a financial meltdown.
SEC drops another crypto case
The main financial regulator in the US has dropped its investigation against a crypto exchange, adding further credence to the notion that there has been a seismic shift in the US’s regulation of decentralised finance (DeFi).
Bank-to-fintech matchmaker NayaOne raises $4.7 million
NayaOne, a Sandbox-as-a-Service platform that helps to match financial institutions with fintechs, has raised $4.7 million.
Cybercrooks steal personal data of 17m loanDepot customers
Mortgage company loanDepot says that the personal data of nearly 17 million customers was stolen in a January ransomware attack.
Monzo launches tool that allows customers to undo payments
Monzo has rolled out a new feature that allows customers to set a personal timeframe to cancel a mistaken bank transfer.
SurePay wins Belgian bank mandate for Confirmation of Payee technology
Belgium’s Centre for Exchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.
Wall Street giants join $60m AccessFintech funding round
Capital markets specialist AccessFintech has closed a $60 million Series C funding round led by WestCap and joined by a host of big banks, including BNY Mellon and Bank of America.
Nikhil Rathi reappointed as FCA CEO
UK Chancellor Rachel Reeves has confirmed that Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority (FCA), extending his term until 2030.
ACI to sell corporate banking tech to PE firm
ACI Worldwide has agreed to sell its corporate online banking technology to private equity firm One Equity Partners. Financial terms were not disclosed.