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/payments

BofE sets out model for delivering National Payments Vision

The UK is overhauling its approach to retail payments infrastructure, with a greater role for the Bank of England and the creation of a new industry-led delivery company to work alongside Pay.UK.

/crypto

Lithuanian fintech granted first DLT licence in Baltics

Axiology, a Lithuania-based tech firm operating in the digital assets space, has been granted a licence from the Bank of Lithuania to carry out digital bond issuance via the blockchain.

/ai

AI up lad! Yorkshire launches AI investment fund

English county Yorkshire is bidding for a prime position in the UK's AI sector with the launch of an investment fund targetting AI startups.

/markets

Starling eyes NYSE listing

UK-based challenger bank Starling is considering listing on the New York Stock Exchange as part of its US expansion plans.

/ai

Rydoo buys accounts payable automation specialist Semine

Expense management provider Rydoo has acquired AI-powered accounts payable automation technology provider Semine. Financial terms were not disclosed.

/markets

Lloyds and Aberdeen Investments use tokenised collateral for FX trades

In a UK-first, Lloyds Banking Group and Aberdeen Investments have used tokenised real-world assets as collateral for foreign exchange trades.

/regulation

JP Morgan to charge fintechs for customer data

Fintechs wanting access to banks' customers' data may have to pay for the privilege, according to a report from Bloomberg on US bank JP Morgan.

/cloud

Survey suggests boom in banks' cloud adoption

The vast majority of financial services firms are accelerating their investment in cloud technology, suggests a recently released survey.

/payments

Lloyds Bank in talks to acquire Curve - Sky News

The UK's largest high street bank is reportedly in talks to buy digital wallet provider Curve.

/payments

Bilt hits $10.75bn valuation

Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion.

/people

UK Chancellor halts ISAs reductions after backlash

Rachel Reeves, UK Chancellor, announced reductions to allowance for tax-free cash savings in a push to get the public to allocate more funds into stocks and shares to boost the economy. However, backlash from building societies and banks has led to these plans being shelved.

/inclusion

Binance launches Sharia Earn, an Islamic banking-aligned token

Global blockchain platform Binance has launched a Sharia-compliant multi-token in alignment with Islamic principles to promote inclusivity in crypto-trading.