Wells Fargo is working with San Francisco-based wealth management technology startup SigFig on a digital advisory service that the bank will begin piloting next year.

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.

HSBC and BNY Mellon are among the early adopter programme participants for Quantexa’s Q Assist context aware generative AI technology suite.

Tourbillon is a new project which aims to explore how to improve cyber resiliency, scalability, and privacy as a prototype CBDC. The project has been launched by BIS Innovation Hub’s Swiss Centre.

Shamir Karkal, a former co-founder and CFO of Simple, has joined the neobank’s parent company BBVA in a newly-created role as head of Open API.

Australia’s Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.

Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules from the Financial Conduct Authority (FCA).

Australian stablecoin startup Stables is to issue a Marqeta-powered Mastercard for USDC to fiat currency conversion at merchant checkouts, both instore and online.

Seattle-based software engineer Paige Thompson faces up to 25 years in prison after being indicted on two counts related to the Capital One data breach that affected 106 million customers.

Lynx, a Madrid-based firm using AI to detect and prevent fraud and financial crimes, has raised $!8 million in Seres A funding.

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

Money transfer behemoth Wise is to move its primary listing to the United States, in a fresh blow to the London Stock Exchange.

The senior vice president of ESG engagement at Moody’s believes the key to driving demand for ESG investments lies in alternative data, of the like used by hedge funds managers and venture capitalists and not generally available in traditional data sets, such as financial statements.

MasterCard has unveiled MasterPass, a digital service that lets customers use any card or enabled handset to shop online and in the real world.