Goldman Sachs is adopting a measured approach to the use of AI across the firm, reflecting the evolving nature of the technology and the uncertainties around best case outcomes.

OCBC has launched the sale of bespoke tokenised bonds issued in S$1,000 denominations to corporate clients that have net assets exceeding S$10 million.

London-based WealthTech firm Zilo has raised $27 million in a Series A2 funding round.

The Bank of England is warning that additional policy measures may be required to mitigate financial stability risks from the growing concentration of power in the hands of global cloud providers.

Global banking co-operative Swift is moving forward with plans to offer member banks access to emerging digital asset classes and currencies over its network, covering a range of use cases in payments, securities, FX, trade and beyond

DBS chief executive officer Piyush Gupta is to take a 30% pay cut as punishment for a series of disruptive outages that hit the bank’s payments and ATM services last year.

Nuvei has joined the European Payments Initiative (EPI) as one of the first providers to offer merchants the Wero digital mobile wallet as an option in their online checkouts.

Bank of Queensland has become the first Australian bank to issue debit cards made from recycled plastic.

AI-powered investment management platform Vise has raised $65 million in a Series C funding round led by Ribbit Capital and joined by Sequoia Capital.

Money20/20 afternoon sessions began with a fireside chat between HSBC UK CEO Ian Stuart and Arjun Kharpal, senior technology reporter at CNBC. They discussed HSBC’s acquisition of Silicon Valley Bank (SVB) and what the future holds.

Portuguese payments processor Sibs is expanding its presence in central Europe through the acquisition of Poland’s ITCard. Financial terms were not disclosed.

India’s Axis Bank has joined forced with local fintech Fibe to launch the country’s first numberless credit card.

While the cannabis banking industry continues to be a complex sector due to regulatory conflict between state legalisation and federal prohibition in the US – forcing most businesses to operate largely in cash – since 2017, Green Check has been working to modernise the way cannabis businesses and financial institutions work together.