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/regulation

FCA adds stablecoin cohort to regulatory sandbox

The Financial Conduct Authority has launched a stablecoin-specific cohort of its regulatory sandbox. Separately, the watchdog has accepted regtech Eunice into the sandbox to look into an industry-led effort to boost transparency in the UK's crypto markets

/crypto

Deutsche Börse to embed euro stablecoin from AllUnity across infrastructure

Deutsche Börse Group is to integrate AllUnity’s euro-backed stablecoin into its financial market infrastructure.

/regulation

Revolut centralises regulatory reporting and risk with Nasdaq AxiomSL

Revolut is implementing a regulatory reporting and risk platform from Nasdaq to support its global growth ambitions.

/security

Australian scam sharing network makes inroads into financial crime

Australia's banks have experienced a marked decline in scams, money laundering and remote access attacks after switching on a real-time intelligence sharing network.

/security

Billboard campaign advertising Instagram's failure to stop scams blocked by Meta media buyers

A creative billboard campaign to highlight the rising number of scams and identity theft on Instagram has been blocked by outside advertisers for fear of upsetting Meta.

/payments

Mastercard launches Access Pass programme to boost customer engagement

Mastercard has launched a programme designed to help issuers and partners deepen connections with customers through tailored experiences and exclusive perks.

/people

Bank of London CEO departs

The Bank of London has replaced chief executive Christopher Horne less than a year after he was appointed.

/ai

BKN301 buys AI fintech Planky

Banking-as-a-Service startup BKN301 has topped up its recent Series B funding round with a £10 million credit facility and acquired AI-driven financial analytics and open banking specialist Planky.

/crypto

Klarna unveils stablecoin

Klarna is launching a dollar-backed stablecoin on the new blockchain from Stripe and Paradigm.

/retail

Swiss banks switch on open banking

Bank customers in Switzerland can now bundle their accounts from various banks into one banking or fintech app following the roll out of the bLink open banking API from SIX.

/people

ABN Amro to axe 5200 staff

ABN Amro is to axe almost a quarter of the workforce over the next three years in an effort to boost profitability under its new CEO

/payments

RTGS.global adds 23 currencies to cross-border payments network

Cross-border payments network RTGS.global has added 23 currencies to its platform, enabling instantaneous settlement between participating financial institutions vis a single API connection.