/startups
Afin Bank, a digital lender created to help people from Africa living and working in the UK, has picked Thought Machine as its core banking provider.
29 October 2024
/cloud
Citi has inked a multi-year agreement with Google Cloud that will see the US banking giant tap into the vendor's Vertex AI platform.
/payments
Tappy Technologies has launched a combined fitness and contactless payments ring.
/markets
BBVA Asset Management is investigating the use of blockchain technology for a "tokenised" investment fund.
28 October 2024
A Klarna investor has increased the valuation it assigns to the BNPL giant, giving it an implied price tag of $14.6 billion ahead of a widely anticipated 2025 IPO.
/retail
Central 1 Credit Union is to wind down its digital banking business and transition clients to one or more alternative digital banking providers.
/regulation
The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.
HSBC and Ant International have completed HKD-denominated cross-bank blockchain-based test transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox.
Wise CEO Kristo Käärmann has been slapped with a £350,000 fine by the FCA for a breach of senior manager conduct relating to his failure to immediately report a default on his tax bill.
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.
/inclusion
Visa is joining forces with the United States Agency for International Development (USAID) to improve access to digital government and payment systems across the world.
/ai
Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.
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