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/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.

/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

/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.

/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.

/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.

/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.

/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.

/crypto

Morgan Stanley to offer crypto trading through E*Trade following zerohash investment

Morgan Stanley is preparing to offer crypto trading to retail customers through its E-Trade platform, according to reports. The Wall Street giant is working with zerohash on the plans after joining a $104 million funding round for the crypto and stablecoin infrastructure platform.

/crypto

Ripple stablecoin becomes offramp for BlackRock tokenised fund

Ripple has joined forces with Securitize on a smart contract that allows holders of BlackRock and VanEck tokenised funds to exchange their shares to Ripple for the firm's stablecoin.

/regulation

Deutsche Börse integrates social media intelligence into market surveillance tech

Deutsche Börse has integrated social media monitoring services from Stockpulse into its market surveillance technology.

/crypto

Shield raises $5m to bring stablecoin payments to exporters

Shield, a neobank startup using stablecoin payments to make life easier for global trade businesses, has raised $5 million in seed funding.

/retail

Revolut pledges £3bn UK investment

As it opens its new global headquarters in Canary Wharf, fintech giant Revolut has pledged to invest £3 billion in the UK, creating 1000 new high-skilled jobs over the next five years.