clear
clear

/regulation

Australian watchdog reviews rule book amid fears of market meltdown caused by AI

Australia's Securities and Invesment Commission is consulting on changes to its market integrity rules amid fears that AI combined with algorithmic trading could enhance market volatility and exacerbate flash crashes.

/people

N26 bids to quell investor unrest with appointment of ex-central banker as chair

N26 is bringing in a former Bundesbank executive board member to lead its supervisory board, with current chair Marcus Mosen becoming co-CEO following the recent exit of founder Valentin Stalf.

/payments

Finastra and Circle bring stablecoin settlement to cross-border payments

Finastra has teamed up with Circle to help banks integrate stablecoin settlement into their cross-border payment flows.

/retail

Customers fume as HSBC goes down

HSBC is scrambling to fix glitches in its mobile and online banking systems that have presented customers with error messages, missed payments and inaccurate account information.

/security

NatWest branch manager who stole £344,000 from ATMs given suspended sentence

A NatWest bank branch manager who stole £344,000 from cash machines over an eight year period to fuel his gambling addiction has been spared jail.

/security

UK watchdog warns of rise in fake FCA scams

The Financial Conduct Authority is warning consumers to be on the look-out for fake FCA scams after being inundated with reports of bogus emails and calls from fraudsters impersonating the regulatory body.

/ai

Zopa to upskill workforce for GenAI paradigm shift

UK digital bank Zopa has launched a five-year campaign to reskill 100,000 banking workers in AI disciplines by 2030.

/payments

Ant International, Standard Chartered and Swift collaborate on bank-to-wallet payment system

Standard Chartered and Ant International have commenced live production trials for a bank-to-wallet payment service that uses the ISO 20022 financial messaging standards and Swift infrastrucuture.

/payments

Klarna set to revive IPO

After pausing plans for its US initial public offering amid market turbulence in the spring, Klarna will restart the process next month, according to Reuters.

/regulation

Dutch central bank fines bunq over AML shortcomings

The Dutch central bank has fined digital lender bunq €2.6 million for "serious deficiencies" in its anti-money laundering controls.

/wealth

Carlyle to buy intelliflo for up to $200m

Investment firm Carlyle has agreed to buy intelliflo, a cloud-based practice management software for independent financial advisors in the UK, from Invesco in a deal worth up to $200 million.

/security

ANZ introduces 'Digital Padlock' to lock out cyber criminals

ANZ has introduced a 'Digital Padlock', which enables customers to shut down access to accounts if they suspect they are being scammed.