The gang that attacked ION Trading UK’s systems last week says that the firm has paid a ransom.

Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.

Bevis Watts, the CEO of Triodos Bank UK, is to step down after a ten-year stint at the helm of the ethical bank.

Japan’s Mizuho is to move into the banking-as-a-service market and re-engineer its operations through an alliance with Google Cloud.

Sweden’s push to become a cashless society is rapidly heading into reverse, as the central bank submits proposals to introduce an obligation to accept cash in the sale of essential goods, and to strengthen the banks’ responsibility for cash handling.

Online lender SoFi has agreed a $1.2 billion cash and stock deal to buy financial services API and payments platform Galileo Financial Technologies.

Further evidence has emerged that French investment banks are exploring the potential of blockchain technology in the capital markets.

The UK’s Financial Conduct Authority is to establish a ‘regulatory nursery’ in the Autumn to ensure keener oversight of newly-authorised institutions.

IMP+ACT Alliance has announced its partnership with the United Development Programme (UNDP) to provide investors with digital guidance on engaging with the Sustainable Development Goals (SDGs).

An offering that harnesses AI is now the minimum expectation of a fintech startup, according to Ben Davey, chief executive officer of Barclays Ventures.

Japan’s megabanks are planning to make huge, long-term cuts to their workforces as they increasingly turn to artificial intelligence (AI) and automation in a bid to streamline operations and cut costs.

After more than a decade of growth and hundreds of funded companies, European fintech is no longer a startup story — and the stage is set for a wave of strategic acquisitions over the next two to three years according to Victor Basta, managing partner at investment bank Artis Partners.

Goldman Sachs has established a digital lending service for affluent consumers who hold portfolios at third party wealth management firms.

BBVA has announced the launch of a unit to further strengthen the bank’s financial crime prevention structure.

Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.