/crypto
PayPal’s blockchain partner Paxos accidentally minted $300 trillion in stablecoins in an internal transfer on Wednesday.
2 hours
The US government has seized nearly $15 billion worth of bitcoin linked to a Cambodian man accused of running "forced-labour" cryptocurrency “pig butchering” scams.
13 hours
/people
UBS is the latest banking giant to bring artificial intelligence into the C suite, tapping JP Morgan's Daniele Magazzeni as its first chief AI officer.
/wholesale
Digital asset giant Ripple is making a move into corporate treasury through the $1 billion acquisition of GTreasury.
21 hours
/payments
HSBC has formed a partnership with payment orchestration platform Juspay to launch an acquiring platform tailored to the needs of digital-first, global merchants.
23 hours
Payroll platform Deel has announced an investment of $300m led by new backer Ribbit Capital which has seen its valuation rise to $17.3bn.
16 October 2025
/retail
BNPL provider Klarna has fired the first shots in its assault on UK bank's retail business with the launch of a debit card and a digital wallet.
/ai
Day two of the SBS Summit 2025 continued to prioritise customer experience, but this time with a specific focus on data usage and inclusive efforts to serve the unbanked.
/markets
S&P Global has struck a deal to buy private market data provider With Intelligence for $1.8 billion.
Santander is merging its Openbank digital brand with its consumer finance business across Europe in a move designed to simplify operations.
/regulation
A new bank backed by tech billionaires that plans to fill the gap left by Silicon Valley Bank's collapse and serve firms in the "innovation economy" has received conditional approval from regulators.
15 October 2025
/startups
Clove, a UK wealth management startup co-founded by the former boss of fintech unicorn Paddle, has emerged from stealth with $14 million in pre-seed funding.
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