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/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.

/crypto

Ziglu enters administration

Ziglu, the crypto startup launched by former Starling co-founder Mark Hipperson, has entered administration.

/ai

Lloyds to run two-month Data and AI Summer School for employees

Lloyds Banking Group is expecting to play host to tens of thousands of employees at a two-month Data & AI Summer School as part of a commitment to building a digitally-confident workforce.

/security

Over half of people who have acted on social media financial advice have lost money

Research by TSB reveals that of the 31 percent of people who have acted on financial advice on social media platforms – over half (55%) lost money as a result.

/payments

Revolut lets customers send money to China via Alipay

Revolut is targeting the $48 billion Chinese remittance market through a partnership with Ant International.

/payments

AusPayNet and AP+ launch consultation on future of Australian A2A payments

Australia's payment industry and its domestic payments provider have launched a public consultation on the future of account-to-account payments in the country.

/ai

Castellum.AI raises $8.5m

Castellum.AI, a financial crime compliance platform with in-house risk data, AML/KYC screening and AI agents, has closed an oversubscribed $8.5 million Series A round.

/wealth

Revolut launches stocks and shares ISAs and ETF investment options

Revolut has launched Stocks and Shares ISAs and UK-listed Exchange-Traded Funds (ETFs) as it expands investment options for customers in the UK.

/crime

Monzo slapped with £21 million fine for AML failings

The UK's Financial Conduct Authority has fined neobank Monzo £21,091,300 over its "inadequate" anti-financial crime systems and controls that were in place between October 2018 and August 2020