The Financial Conduct Authority’s launch of a “supercharged sandbox” in partnership with Nvidia is setting the stage for a transformative leap in the UK’s banking and finance sector. The move, announced in early June, gives banks and City firms controlled access to Nvidia’s powerful
Barclays is setting a new standard in banking innovation by equipping 100,000
Kiwi, a financial technology company focused on improving credit access for underserved
The European Central Bank (ECB) is poised to implement its eighth consecutive
HSBC UK Private Banking is set to revolutionise its wealth management services
Visa has introduced its innovative account-to-account (A2A) payment solution in the UK, aimed at revolutionising
The Bank of Canada (BoC) has decided to maintain its key policy rate at 2.75%,
European Central Bank (ECB) Governing Council member Fabio Panetta has suggested that inflation in the
In a decisive move to stimulate South Korea’s struggling economy, the Bank of Korea (BOK)
Griffin, a UK-based Banking-as-a-Service (BaaS) provider, has embarked on an ambitious project to build an
As we approach the midpoint of 2025, the fraud figures for 2024 provide critical insights
JPMorgan Chase is taking a bold step in wealth management by introducing a new tier
Mastercard has inaugurated its first Cyber Resilience Centre in the Middle East, located in Riyadh,
European banks are bracing for significant financial impacts as the EU’s SEPA Instant Payments regulation mandates 24/7 euro credit transfers by October 2025. Nearly half of surveyed banks anticipate losing millions in
The United States is taking a monumental step in its currency system by discontinuing the production of the penny, a decision that marks the end of over 230 years of its circulation. Confirmed by the U.S. Treasury, this move follows
HSBC has launched a tokenised deposit service in Hong Kong, marking a groundbreaking step in integrating blockchain technology into traditional banking. This new service
The UK Department for Work & Pensions (DWP) has initiated a strategic procurement process to identify a supplier of open banking technology for its
Sweden’s central bank, Sveriges Riksbank, has issued a strong recommendation for the continued use of cash, advocating for legislative action to ensure its availability alongside digital payment methods. With the country moving towards a largely cashless society, where cash accounts for only around 10%
Santander UK is implementing significant cost-cutting measures within its commercial banking division, including a salary freeze, reduced bonuses, and job cuts potentially affecting up to 200 staff members. These changes are part of a broader restructuring aimed at improving efficiency and possibly making the
The European Central Bank (ECB) has postponed the deadline for non-bank payment service providers (PSPs) to access its central bank-operated payment systems, including TARGET, the system for large-value payments. Originally scheduled for April 2025, the new deadline has been extended to October 2025. This
The Bank for International Settlements (BIS) and the Federal Reserve Bank of New York have conducted a joint study, Project Pine, to examine how central banks might implement monetary policy in a future dominated by tokenised wholesale financial markets. This research aims to assess
The U.S. banking sector is advocating for changes to the Supplementary Leverage Ratio (SLR), a regulation that requires banks to hold capital against all assets, including low-risk ones like U.S. Treasury securities.
Global banking regulators, under the guidance of the Bank for International Settlements, have agreed to prioritize the integration of climate-related financial risks into their supervisory frameworks. This step highlights the increasing recognition
Barclays’ stock has surged to a ten-year high after the bank posted strong first-quarter results, prompting RBC analysts to upgrade the stock. The shares hit 318.50p, marking a 46% increase over the
In a significant development for the U.S. financial sector, the Office of the Comptroller of the Currency (OCC) has granted national banks the ability to engage in cryptocurrency-related activities, including custody, trading,
Japan’s major banks are experiencing a resurgence, buoyed by the Bank of Japan’s (BOJ) ongoing strategy to incrementally raise interest rates. This shift, marking a departure from the prolonged era of ultra-low
Citi has announced a strategic partnership with SDX, a Swiss post-trade group, to tokenize private market assets. This collaboration aims to enhance the efficiency and liquidity of private market transactions by utilizing
Fluency, a UK-based deep tech company, has been selected by the European Central Bank (ECB) to contribute to the development of the digital euro by focusing on key features like programmable and
HSBC has introduced a new financial product, TradePay for Import Duties, to assist U.S. businesses in managing the financial impact of tariffs imposed by the Trump administration. The tariffs, introduced in April,
Minutes from the Bank of Korea’s (BOK) April 17 meeting suggest that an interest rate cut is likely in May. Despite keeping the benchmark interest rate at 2.75% in April, the seven-member
In April 2025, the momentum of interest rate cuts by major central banks significantly decelerated, reflecting a cautious approach amid global economic uncertainties and escalating trade tensions. Of the five central banks from the G10 group that convened in April,
PayPal has expanded its payment offerings in Germany with the launch of a contactless mobile wallet, allowing users to make in-store payments by simply
The European Central Bank (ECB) has made a significant move in its pursuit of a digital euro by launching an innovation platform that incorporates
Erste Group Bank has made a significant move in the European banking sector with its acquisition of a 49% stake in Santander Bank Polska