Capgemini launches perpetual KYC sandbox
French IT services and consulting company Capgemini is claiming an industry-first after releasing its perpetual KYC (pKYC) sandbox.
Use of AI in banking to be subject of new inquiry by MPs
The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.
Meta investigates stablecoins for payouts – report
Years after being forced to abandon its crypto project, Meta is in talks with digital asset firms about integrating stablecoin payments into its platform, according to Fortune.
Standard Chartered backs StraitsX stablecoins
Standard Chartered Bank is stepping deeper into the stablecoin space through a strategic partnership with StraitsX, a Singapore-licensed stablecoin issuer, to strengthen the reserve management of its US Dollar and Singapore Dollar stablecoins, XUSD and XSGD.
Sezzle files antitrust suit against Shopify
BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.
Judge orders Ripple to pay $125m penalty
Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.
Developer experience is crucial to the consumer Open Banking offering
In an interview with Finextra, ForgeRock’s VP of financial services and regulatory, Nick Caley reveals that both PSD2 and Open Banking have created a template that other countries are looking to mimic by implementing standards in Europe.
AllUnity secures BaFin EMI Licence to launch Euro stablecoin
AllUnity, a joint venture between asset manager DWS, market maker Flow Traders, and blockchain firm Galaxy, has been granted an E-Money Institution (EMI) licence by the German Federal Financial Supervisory Authority (BaFin)
Circle scores French regulatory registration
USD Coin issuer Circle has secured conditional Digital Asset Service Provider registration from French authorities and appointed JP Morgan and PayPal veteran Coralie Billmann to spearhead its operations in the country.
Goldman Sachs trading biz to hire 100 coders
Goldman Sachs is looking to bring in more than 100 coders to help automate swathes of its trading business, according to Bloomberg.
Banco Santander suffers data breach at third party supplier
Banco Santander has reported a data breach at a third party provider that exposed client and employee data.
UBS launches tokenized warrant on public blockchain
UBS has launched Hong Kong’s first investment-grade tokenized warrant on the Ethereum public blockchain network.
Sugi launches green investment app
Sugi, an app that enables users to check the carbon impact of their investments, has launched a public beta in the UK.
UK fintechs have an overall positive impact on the country – Innovate Finance
The FinTech Impact Report 2024 reports that the UK fintech sector has improved financial inclusion and sustainable initiatives across the country.
Stablecoin-as-a-Service platform OpenTrade raises $7 million
OpenTrade, a provider of yield-bearing stablecoin products for fintechs, has raised $7 million in funding led by Notion Capital and Mercury Fund, with participation from existing investors AlbionVC, a16z crypto, and CMCC Global.