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/ai

AI adoption doubles in UK banking sector

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

/retail

Majority of UK adults "unaware" of open banking

A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.

/ai

AI set to revolutionise wealth management operations - survey

Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.

/markets

Boerse Stuttgart uses blockchain to slash settlement times

Boerse Stuttgart says it has tested the settlement of exchange transactions with blockchain-based securities against central bank money - finding that using the technology can reduce settlement times from days to minutes.

/payments

Mastercard agrees to buy subscription management startup Minna

Mastercard has struck a deal to acquire Swedish subscription management specialist Minna Technologies. Financial terms were not disclosed.

/retail

HSBC writes off Monese stake

HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech.

/security

UK Post Office axes MoneyGram services in wake of cyber attack

The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

/wholesale

ANZ joins MAS-led asset tokenisation project

ANZ is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian initiative to explore asset tokenisation applications.

/payments

Wells Fargo and Fiserv end merchant acquiring JV

Wells Fargo and Fiserv will end their long-running merchant acquiring joint venture next year.

/crypto

Man pleads guilty to illegally operating crypto ATM network

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.

/regulation

FCA and BoE open digital securities sandbox

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

/security

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".