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/crypto

Santander latest bank to ponder stablecoin play

Bank interest in stablecoins continues to gather momentum, with Santander now reportedly looking into launching its own offering.

/markets

TP Icap buys Neptune to create dealer-to-client credit business

Financial markets infrastructure provider TP Icap has acquired data company Neptune Networks and joined forces with nine investment banks to create a dealer-to-client credit business. Financial terms were not disclosed.

/startups

Fintechs enter new stage of profitability - report

The global fintech has enetered a new chapter defined by a rise in profitability and the emergence of scaled fintech and an "intensified focus on profitable growth".

/retail

UK fintech Tide eyes unicorn status

Tide, the UK-based business banking fintech, is reportedly in talks about a funding deal that would make it the UK's next unicorn.

/people

Standard Chartered names global head of data analytics and AI

UK bank Standard Chartered has bolstered its data analytics capabilities with the appointment of former HSBC executive Yusuf Demiral.

/payments

Monzo surpasses £1bn revenue milestone

UK fintech Monzo has recorded a sharp rise in profitability and posted revenue in excess of £1bn for the first time.

/payments

Visa A2A payments land in the UK

Card giant Visa is taking aim at the UK's burgeoning account-to-account market through its new pay-by-bank offering.

/ai

Vanguard and University of Toronto create AI research labs

American investment management giant Vanguard has joined forces with the University of Toronto (UofT) to set up several labs focused on the use of AI in financial services.

/people

Barclays head of fintech strategy leaves

Barclays head of fintech strategy and open innovation, Andrew Elphick, is stepping down after 14 years at the British bank.

/crypto

Binance civil enforcement action dismissed by SEC

In June 2023, The Securities and Exchange Commission filed charges alleging that the crypto asset trading platform committed a variety of securities law violations.

/security

Saudi academics create world's fastest quantum random number generator

Research scientists at Saudi Arabia's King Abdullah University of Science and Technology (KAUST) and King Abdulaziz City for Science and Technology (KACST) have reported the fastest quantum random number generator (QRNG) to date based on international benchmarks.

/wholesale

Citi invests in embedded mortgage platform Vontive

Citi has made an equity investment in Vontive, an embedded mortgage platform for investment real estate.