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/ai

Thoughtworks collaborates with Singapore AI for GenAI research

Global technology consultancy Thoughtworks has collaborated with AI Singapore to develop generative AI (GenAI) and its adoption.

/regulation

UK payments could be delayed up to three days to prevent fraud

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

/sustainable

Sustainable Finance Live 2024: 4 days to go!

Finextra’s annual Sustainable Finance Live conference will be held at Events@No6 in London next week.

/crypto

Visa launches platform to help banks issue fiat-backed tokens

Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.

/crypto

Swift preps live digital asset trials

Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network.

/wholesale

HSBC launches embedded finance venture

HSBC has partnered B2B global trade network Tradeshift on a joint venture offering embedded finance solutions to business clients.

/wholesale

Euroclear and Digital Asset complete gold tokenisation pilot

Post trade body Euroclear has partnered with blockchain firm Digital Asset and the World Gold Council in a pilot to tokenise gilts, gold and Eurobonds.

/startups

Irish fintech spending falls by 90% in H1

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.

/security

Meta forms data-sharing programme with UK banks to tackle scammers

Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.

/retail

Payfare share price craters after DoorDash contract blow

Shares in Payfare plummeted by more than 75% after the Canadian earned wage access firm initiated a strategic review in response to losing its biggest client, DoorDash.

/regulation

Starling Bank fined £29m for 'shockingly lax' AML screening

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

/security

MoneyGram 'shocked' by UK Post Office move to end relationship

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.