clear
clear

/regulation

BofE and BIS develop tech to monitor stablecoin reserves

The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.

/security

Singapore warns of uptick in impersonation scams

Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks $10.6 million in June alone.

/markets

SIX Swiss Exchange resumes trading following tech breakdown

SIX Swiss Exchange is to resume trading from 14.30 after technical problems forced the market operator to twice suspended trading in stocks, bonds, and exchange-traded funds.

/people

Tech leadership change at Wells Fargo sees Kerrins take up new Gen AI role

Wells Fargo has appointed a new head of technology and shunted current CIO Tracaey Kerrins to head up a newly-created Generative AI team.

/security

Westpac battles impersonation scams with 'SafeCall'

In a move to help stop bank impersonation scams, Westpac has teamed with telco Optus to introduce a new verified in-app calling capability.

/inclusion

Ghana pilots blockchain-based credentials and CBDC for global trade

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

/startups

Deutsche Börse invests in capital markets fintech Primary Portal

Primary Portal, a digital platform that aggregates and digitises equity capital market processes for banks and asset managers, has completed the first stage of its £7.5 million Series A funding round led by the venture capital arm of Deutsche Börse.

/ai

ThetaRay boosts AI financial crime detection with Screena acquisition

AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.

/payments

Bank of England calls for input on payments innovation

The Bank of England is seeking input from the private sector on its roadmap for innovation in money and payments.

/retail

Santander bids to create TikTok vibe with Gen Z

Santander is looking to burnish its credenttials with Gen Z, embarking on a search for talent on TikTok to create an online-native international music band.

/markets

UBS and CIBC execute intraday FX swap transaction on Finteum DLT platform

UBS and CIBC have executed a world-first intraday FX swap transaction on the DLT-enabled Finteum Platform.

/payments

Westpac starts offering debit cards to eight-year-olds

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.