/crypto
State Street is to add tokenization and digital custody services to its digital assets business through a deal with infrastructure provider Taurus.
20 August 2024
/payments
Money movement company TerraPay has formed a 'Wallet Interoperability Council' with five leading payment operators to facilitate interconnection in cross-border transactions.
The Bank of England is working with the BIS Innovation Hub London centre on a project that will explore how technology can enhance the analytical use of ISO 20022 data to shed light on economic conditions, system liquidity and compliance
Amazon is looking at splitting off Amazon Pay as a standalone app in an attempt to gain a bigger market share in India's competitive e-commerce market.
US crypto index fund manager Bitwise Asset Management has expanded into Europe through the acquisition of London-based crypto exchange-traded product issuer ETC Group. Financial terms were not disclosed.
19 August 2024
/security
Bank of Ireland is warning of a surge in investment fraud, describing it as the most concerning trend in evolving scam tactics.
/startups
Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.
Payments firm Mastercard intends to cut its 33,400-strong workforce by three per cent, according to Bloomberg.
/retail
Revolut has secured a $45 billion valuation in a secondary share sale with new and existing investors.
16 August 2024
Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.
/regulation
Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.
/sustainable
IBM announced its joint endeavor with WWF Germany to use AI spatial capturing technology to enhance elephant tracking in Africa. This technology will be able to support conservation of African elephants, which can increase carbon storage in their forest habitats.
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