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/crypto

Stablecore raises $20m to bring stablecoins to community banks and credit unions

Stablecore has raised $20 million for a platform that helps community and regional banks and credit unions offer stablecoins, tokenized deposits and digital asset products.

/regulation

NYDFS urges banks to adopt blockchain analytics

The New York State Department of Financial Services (NYDFS) has advised firms dipping their toes into crypto activities to use blockchain analytics tools to help them with risk management and compliance.

/payments

Google and PayPal agree multi-year commerce collaboration

Google and PayPal have agreed a multi-year collaboration to advance agentic shopping and frictionless commerce payments.

/markets

DWS embarks on $2 billion sale of data centre business

Deutsche Bank's asset management division, DWS, is reputed to be preparing to divest its data centre operations, NorthC in a sale expected to exceed €2 billion

/crypto

DBS, Franklin Templeton and Ripple to merge tokenized collateral with stablecoins

DBS, Franklin Templeton and Ripple have signed a Memorandum of Understanding to establish repo markets powered by tokenized collateral and stablecoins.

/payments

Vipps MobilePay selects Tink to introduce Pay by Bank in Finland

Nordic mobile payment platform Vipps MobilePay is to adopt Tink's Pay by Bank platform for account-to-acount payments in Finland.

/startups

Stripe alumnus launches AI-powered business account for European startups

A former senior executive at Stripe has raised $3 million in pre-seed funding to build an AI-powered business account for European startups.

/ai

Two-thirds of banking sector AI research driven by five banks

JPMorgan Chase is responsible for more than a third of all banking sector AI research, according to data from benchmarking and intelligence platform Evident.

/payments

PayNearMe raises $50m

PayNearMe, a fintech targeting non-commerce businesses and their customers, has secured $50 million in Series E funding from Atlantic Vantage Point.

/retail

Lloyds deploys Broadcom tech to support data centre consolidation

Lloyds Banking Group will deploy VMware Cloud Foundation from Broadcom to support its data centre consolidation strategy.

/security

Singapore to ban access to banking services and mobiles for convicted scammers

Singapore is introducing new rules that will restrict access to banking services and mobile phone lines for convicted scam mules.

/ai

HSBC Private Bank to equip client-facing staff with AI

HSBC Private Bank is to roll out OpenAI's Large Language Model to client facing staff, investment counsellors and product specialists to provide quality market insight and personalised investment strategies to high net worth customers.