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/wholesale

Qonto announces European expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal and the Netherlands as part of a European expansion plan.

/people

Australia launches initiative to address tech talent shortage

The Tech Council of Australia (TCA) has launched a initiative designed to address the battle for tech talent.

/ai

Blackstone to build £10bn AI data centre in UK

Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.

/payments

Trinidad and Tobago to roll out India's UPI payments tech

Trinidad and Tobago is the latest country to sign up with NPCI International Payments for the development of a real-time payments system based on India's UPI.

/markets

UK ready to make 2027 T+1 switch without EU

The UK will push ahead with the move to a T+1 settlement cycle for securities trades by the end of 2027, regardless of whether the European Union makes the switch at the same time.

/startups

TrueLayer reports growth despite losses

TrueLayer, a payments platform backed by Stripe, is stacking up its losses according to the latest accounts reports.

/crime

Finextra & Eastnets unveil new data on the global state of trade-based financial crime

Finextra this week released new research investigating how institutions globally are tackling the mounting issue of trade-based financial crime (TBFC).

/regulation

Fraud, Error, and Debt bill proposed by UK Government

The UK’s Labour government has announced the Fraud, Error, and Debt Bill to tackle fraud by requiring financial institutions to share data that indicate potential benefit overpayments.

/markets

Chime selects Morgan Stanley to lead IPO – Bloomberg

Chime has been reported to be aiming to go public in 2025, with Morgan Stanley to lead its initial public offering (IPO).

/sustainable

Sustainable Finance Live 2024: Ronesans Enerji’s Green Finance Framework

Earlier this month, Ronesans Enerji announced its Green Finance Framework to drive sustainable development in Turkey. A collaboration between financial investment institution Ronesans Holding and TotalEnergies, the joint venture aims to push forth proactive green finance projects.

/retail

BofA launches account to help parents teach kids money lessons

Bank of America has launched an account designed to help parents teach their children how to manage money.

/crypto

First Abu Dhabi Bank and JP Morgan pilot programmable payments

First Abu Dhabi Bank (FAB) has carried out a programmable payments pilot using JP Morgan's JPM Coin Blockchain Deposit Accounts.