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Citi shifts 1000 tech jobs to India

/people

Citi shifts 1000 tech jobs to India

Citi has moved about 1000 technology jobs to support centres in India after slashing its workforce in China, according to Bloomberg.

ING digital asset lead: Euro stablecoin could revolutionise music industry with tokenised royalties

/crypto

ING digital asset lead: Euro stablecoin could revolutionise music industry with tokenised royalties

Hot on the heels of news that nine European banks have partnered to launch a Euro denominated stablecoin, Finextra spoke to Floris Lugt, digital assets lead at ING, about the catalyst for this launch and why they didn’t want to wait for the ECB’s digital euro launch slated for 2029.

Klarna revels in one million US debit card sign ups

/payments

Klarna revels in one million US debit card sign ups

Over a million Americans have signed up for Klarna's debit card in just eleven weeks since launch.

Ebury to resurrect IPO

/payments

Ebury to resurrect IPO

Santander-backed Ebury is reportedly reviving plans for an initial public offering in London at a valuation of $2 billion.

Swift bids to move the needle for retail consumer payments

/payments

Swift bids to move the needle for retail consumer payments

Swift is working with 30 banks on a scheme to set new rules for retail cross-border payments on its network.

European banks join forces to launch euro stablecoin

/payments

European banks join forces to launch euro stablecoin

Nine European bank have joined forces to launch a euro-denominated stablecoin designed to challenge the dominance of dollar-led tokens.

HSBC demonstrates world’s first-known quantum-enabled algorithmic trading with IBM

/markets

HSBC demonstrates world’s first-known quantum-enabled algorithmic trading with IBM

HSBC is lauding the results of trials with IBM that tested the value of current quantum computers for algorithmic trading in the bond market

Pleo moves into embedded finance

/retail

Pleo moves into embedded finance

European spend management platform Pleo has worked with Mastercard to launch an embedded finance offering that helps businesses managing large networks of SMB customers to offer real-time financial intelligence via spend and cash management capabilities directly from their own platform.

FIS buys account origination tech provider Amount

/retail

FIS buys account origination tech provider Amount

FIS has acquired Chicago-based digital banking origination and decisioning technology provider Amount. Financial terms were not disclosed.

BIS researchers harness AI to forecast financial market dysfunction

/regulation

BIS researchers harness AI to forecast financial market dysfunction

Researchers from the Bank for International Settlements have used AI to produce daily forecasts of market dysfunction 60 business days before thy actually happen.

Digital euro could roll out in 2029 - ECB's Cipollone

/payments

Digital euro could roll out in 2029 - ECB's Cipollone

Work on the digital euro is gaining momentum, with a launch possible by the middle of 2029, according to European Central Bank Executive Board member Piero Cipollone.

Coinbase adds Singapore dollar stablecoin to platform

/crypto

Coinbase adds Singapore dollar stablecoin to platform

Coinbase is adding Singapore dollar stablecoins to its platform through a tie-up with licenced issuer StraitsX.

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