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UK bids to cut red tape for fintech firms

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UK bids to cut red tape for fintech firms

The UK's Regulatory Innovation Office is to work with the Digital Regulation Cooperation Forum to cut red tape for fintechs as they navigate complex regulation.

Business banking platform Qonto applies for banking licence

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Business banking platform Qonto applies for banking licence

French neobank Qonto has applied for a banking licence after reaching 600,000 customers across Europe.

ISDA and Ant International call for common industry framework for asset tokenisation

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ISDA and Ant International call for common industry framework for asset tokenisation

The uptake of tokenised bank liabilities and shared ledgers in transaction banking services could lower cross-border currency costs by 12.5%, saving businesses more than US$50 billion by 2030, according to a report by the International Swaps and Derivatives Association (ISDA) and Ant International.

BNY to give AI-powered 'digital employees' their own emails

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BNY to give AI-powered 'digital employees' their own emails

Bank of New York Mellon has given dozens of AI agent 'digital employees' their own logins and will soon provide them with email accounts.

Circle applies for national trust bank status

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Circle applies for national trust bank status

Stablecoin firm Circle has applied to create a national trust bank, moving further into the mainstream following its blockbuster IPO last month.

ECB commits to distributed ledger technology settlement plans

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ECB commits to distributed ledger technology settlement plans

The European Central Bank has agreed to a dual-track strategy for integrating distributeed ledger technology with Target settlement services in the wholesale market.

Fintech M&A picks up pace

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Fintech M&A picks up pace

Consolidation in the fintech sector is happening at pace, with disclosed deal value for transactions over $100 million in the first half of the year already close to double the total for all of 2024, according to new analysis from investment bank Artis Partners.

Kraken issued crypto licence in Ireland

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Kraken issued crypto licence in Ireland

Crypto exchange Kraken has become the first company to be awarded a Markets in Crypto Assets (Mica) licence from Ireland's central bank.

Irish bankers concerned about job displacement through AI - survey

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Irish bankers concerned about job displacement through AI - survey

The vast majority of employees in Ireland's financial services believe that the rise of AI will lead to job displacement across the industry, according to a recently released survey.

ANZ head of tech to retire

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ANZ head of tech to retire

Australian bank ANZ is on the lookout for a new technology head after group executive technology and group services Gerard Florian announced his departure.

Global fintech growth challenged by macroeconomic risks - WEF report

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Global fintech growth challenged by macroeconomic risks - WEF report

Macroeconomic risks have been highlighted as the biggest concern affecting the growth of global fintechs, according to research from the World Economic Forum (WEF).

BIS report pours cold water on stablecoin hype

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BIS report pours cold water on stablecoin hype

They may be the current darling of the financial services world, but stablecoins fall short as a form of sound money and at best may "eventually play a subsidiary role in the hinterland of the financial system," according to the Bank for International Settlement.

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