/payments
ACI Worldwide is bringing together account-to-account (A2A), card payments and AI-driven fraud prevention on a unified cloud-native platform, ACI Connetic.
27 May 2025
/people
UK fintechs are set to increase professional hiring by 32% in 2025 despite challenging economic headwinds, according to Morgan McKinley and Vacancysoft’s latest fintech report.
/wholesale
Authorities from Malaysia and Singapore have signed a memorandum of understanding to build a blockchain-powered cross border digital trade network.
/regulation
The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a "handout to Wall Street banks".
26 May 2025
Nearly half of European banks expect to lose millions in interest due to new liquidity demands under the Sepa Instant Payments regulation, but still believe the benefits of the change will outweigh the costs.
/startups
Foreign exchange infrastructure company OpenFX has emerged from stealth with $23 million in funding led by Accel.
A coalition of US financial trade associations are calling on the Securities and Exchange Commission to rescind its cyber incident disclosure rule, claiming that it endangers victims.
23 May 2025
Charlotte Crosswell OBE has stepped down as chair of the Centre for Finance, Innovation, and Technology (CFIT), and will be focusing on her role as executive chair of Raidiam and other non-executive board roles.
/crypto
US big banks, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo have held discussions on potentially launching a stablecoin that will improve transaction speeds whilst managing competition from encroaching crypto firms.
TD Bank has announced that 2% of its workforce will be laid off amid digital and AI restructuring program under new CEO Ray Chun.
Setting the tone for the second day of Temenos Community Forum, Dr Jonnie Penn, associate teaching professor of AI ethics and society, University of Cambridge delivered a speech on both the growth of AI and the task of governing its ethical standards.
The US Treasury has confirmed plans to phase out the penny, with one cent coins no longer produced from next year.
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