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/payments

Five more Belgian banks join the European payments Initiative

Five big banks in Belgium have joined the European Payments Initiative (EPI) with the intention of rolling out the Wero digital wallet and instant account-to-account (A2A) payment application to customers in the first half of next year.

/startups

BNP Paribas to run UK fintech incubator programme for AI

BNP Paribas Personal Finance is to run its third successive UK Fintech incubator programme, seeking out startups with Gen AI applications applicable to the financial services sector.

/ai

Fintech sector braced for fresh wave of disruption as AI changes the game

As artificial intelligence reshapes the business landscape, fintechs stand poised to usher in a fresh wave of disruption as the industry emerges from a prolonged slump.

/retail

Zopa opens Manchester office

London-headquartered digital bank Zopa is opening an office in Manchester as it bids to create a 500-strong workforce in the city.

/crypto

Pair jailed for £1.5m crypto fraud

A UK judge has sentenced two men to a combined 12 years in prison for a £1.5 million cryptocurrency fraud.

/markets

Trump says tariff rates could be up to 70% as letters ship out

As the 9 July tariff deadline looms, US President Donald Trump has said that rates could be up to 70% for certain counties.

/inclusion

The Payments Association calls for more LGBTQIA+ diversity in payments

Findings from a survey conducted by The Payments Association (TPA) highlighted the need for further LGBTQIA+ inclusion in financial services.

/devops

CBDC pilot projects seeing adoption in Ghana and Thailand – Giesecke + Devrient

Raoul Herborg, managing director, central bank digital currency (CBDC) solutions at Giesecke and Devrient (G+D) spoke to Finextra on their release of a recent survey on CBDC progress worldwide, and what we can expect from CBDCs in the coming years.

/startups

UK bids to cut red tape for fintech firms

The UK's Regulatory Innovation Office is to work with the Digital Regulation Cooperation Forum to cut red tape for fintechs as they navigate complex regulation.

/ai

BBVA to roll out GenAI tools to 100,000 employees via Google Cloud

BBVA is deepening its relationship with Google Cloud through the deployment of Google Workspace with Gemini, as part of the global bank’s AI adoption strategy.

/regulation

Business banking platform Qonto applies for banking licence

French neobank Qonto has applied for a banking licence after reaching 600,000 customers across Europe.

/payments

ISDA and Ant International call for common industry framework for asset tokenisation

The uptake of tokenised bank liabilities and shared ledgers in transaction banking services could lower cross-border currency costs by 12.5%, saving businesses more than US$50 billion by 2030, according to a report by the International Swaps and Derivatives Association (ISDA) and Ant International.