Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.

Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation’s fintech programme.

Kashet, a Swiss-UK-based private banking startup, has come out of stealth mode after raising £5.4 million in an initial funding round.

The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance released a staff statement on 27 February 2025 clarifying that meme coins are not considered securities.

Citi, Deutsche Bank and Deutsche Börse have joined a $15 million Series B funding round for collateral and margin management outfit CloudMargin.

Citi has joined a $25 million round in QC Ware, a developer of high-powered applications for near-term 1quantum hardware.

Adyen is looking to combat climate change at the checkout, giving merchants the ability to offer shoppers the opportunity to offset the carbon footprint of their purchases at the end of the sale.

Railsr, the UK-based embedded finance startup, has pulled in $24m in its latest series of fundraising.

Your money is a weapon. It can either be used to tackle the climate crisis or fan the flames. The United Nations’ climate conference in Glasgow, COP26, says it is time to have a serious discussion about how our money can be deployed to save the world.

Stripe has joined forces with Ebanx to let businesses from around the world accept Pix instant payments in Brazil.

Nevermined, a startup building payments infrastructure for AI-to-AI transactions, has raised $4 million in funding.

Mastercard has moved to give financial institutions more control over authorisation decisions through the launch of the On-Demand Decisioning (ODD) tool.

Finance automation and corporate credit card platform Ramp has hit a $13 billion valuation after investors purchased $150 million in secondaries from employees and early backers.

Brits will no longer be able to buy cryptocurrency with their Barclaycard credit cards from later this week.