/markets
UBS and CIBC have executed a world-first intraday FX swap transaction on the DLT-enabled Finteum Platform.
30 July 2024
/payments
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.
The Lithuanian central bank has appointed an independent supervisor and restricted new business for local paytech Kevin after losing patience with the firm for repeated failings to file its annual reports.
29 July 2024
/ai
JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.
/retail
10x Banking has unveiled a new generation of core banking technology designed to derisk the conversion from legacy ledgers and provide a clear roadmap to cloud-native transformation.
Lloyds Banking Group and Nationwide have joined an £11 million Series A funding round in Scottish AI fintech Aveni.
/security
The European Central Bank says there is "room for improvement" after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
/regulation
US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs.
26 July 2024
NatWest has bought Metro Bank’s £2.4b mortgage book, while also admitting to being forced to spend £24m on cancelled “Tell Sid” campaign by the previous government.
/sustainable
Earlier this month, Richard Peers of ResponsibleRisk – and keynote speaker at this year’s Sustainable Finance Live conference – spoke to director of nature programmes and GFI Hive at the Green Finance Institute (GFI) on nature-related financial risks for the UK.
/startups
Financial transactions database TigerBeetle has raised $24 million in a Series A funding round led by Spark Capital.
HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.
25 July 2024
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