clear
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/wholesale

Deutsche Bank goes live with Swift Instant Cash Reporting

Deutsche Bank has gone live with Swift’s new API-driven Instant Cash Reporting (ICR) tool for accessing real-time account and balance information with a single, standardised connection.

/wealth

Alternative investment platform iCapital raises $820m

Alternative investment platform iCapital has raised over $820 million at a valuation of more than $7.5 billion.

/crypto

Ant International takes aim at stablecoins; integration with USDC on the cards

Ant International, is evaluating the possibility of applying for stablecoin licenses in several countries, according to comments made during the Reuters Next Conference in Singapore.

/retail

Revolut to seek $65 billion valuation in new funding round

Revolut is looking to raise a new funding round that would give it a $65 billion valuation, according to the Financial Times.

/wealth

US fintech Alpaca to acquire WealthKernel

US fintech Alpaca is to acquire the UK's WealthKernel, a provider of digital investment infrastructure and tax-advantaged products for businesses.

/regulation

Wise hit with $4.2 million fine by multiple US states for AML deficiencies

Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.

/crypto

Australia to commence multiple trials of tokenised asset settlement and CBDC

Project Acacia, a joint initiative between the Reserve Bank of Australia and Digital Finance Cooperative Research Centre (DFCRC), has selected 14 participants to undertake trials of tokenised asset settlement in financial markets.

/ai

AIB rolls out Microsoft Copilot to 10,000 employees

Irish lender AIB is deploying Microsoft Copilot to provide 100,000 staff with access to enterprise-grade AI tools.

/markets

Moment raises $36m to automate fixed income

Moment has raised $36 million in Series B funding led by Index Ventures for its platform automating trading and portfolio management workflows for fixed income teams.

/crypto

Ripple picks BNY for stablecoin custody

Ripple has chosen Bank of New York Mellon as primary custodian for its US dollar-pegged stablecoin reserves.

/regulation

Bank of England fines Vocalink over compliance failure

The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.

/sustainable

Clarity AI buys sustainability fintech ecolytiq

Clarity AI has acquired fellow sustainability fintech ecolytiq. Financial terms of the deal were not disclosed.