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/wholesale

Standard Chartered and Ant International use blockchain for settlement of treasury transactions

Standard Chartered has used Ant Internal's Whale blockchain platform to deliver settlement of HKD-denominated intra-group transactions between various ANT entitites.

/startups

MAS establishes Global Finance & Technology Network

The Monetary Authority of Singapore has established The Global Finance & Technology Network (GFTN) a not-for-profit organisation to harness technology, pump-prime startups and foster innovation in the fintech ecosystem.

/people

CEO of ethical bank Triodos UK to step down

Bevis Watts, the CEO of Triodos Bank UK, is to step down after a ten-year stint at the helm of the ethical bank.

/wealth

FusionIQ launches wealth management product for digital wallet providers

FusionIQ has unveiled a wealth management platform designed specifically for digital wallet companies.

/ai

Australia's Asic highlights governance lag in AI adoption

Australia's Securities and Investment Commission (Asic) is urging financial services and credit licensees to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence.

/retail

Santander cuts 1400 UK jobs

Banco Santander will axe 1425 jobs in the UK this year as part of a cost-cutting round and push to automate some work.

/cloud

Standard Bank picks Volante for Africa-wide payments overhaul

African giant Standard Bank is moving its payments infrastructure to Volante's cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.

/markets

Aquis and Cboe team up for EU consolidated tape bid

Aquis Exchange and Cboe Europe are forming a joint venture to line up a bid to run the new European Union's equity consolidated tape.

/security

JPMorgan Chase sues customers over viral 'infinite money glitch'

JPMorgan is suing customers who took advantage of a glitch in the bank's cheque deposit service to withdraw thousands of dollars from its ATMs.

/payments

Postbank generates cash via barcode

Deutsche Bank subsidiary Postbank is preparing to roll out a service that enables consumers to generate a barcode on their phone to withdraw or deposit around €1,000 per day at 12,500 retail locations in Germany

/payments

Nigerian fintech Moniepoint raises $110 million

Nigerian fintech behemoth Moniepoint has raised $110 million in funding to expand across Africa.

/inclusion

Creating green jobs through biodiversity conservation: Tehanu AI’s pilot project

Speaking to chief experts of Tehanu AI, Tosca Tindall and Patrick McSharry, Finextra learned about their nature-finance focused business that is working to incentivise nature stewardship by creating green jobs.