News: Digital
August 20, 2024 / Digital
UKTN: Revolut confirms share sale at $45bn valuation amid rumoured IPO Treasury talks
Revolut has confirmed plans to launch a secondary share sale valuing it at $45bn (£35bn) as the Treasury reportedly looks to court the fintech into a London listing.
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Finextra: CFTC orders FTX to pay customers $12.7 billion
FTX has been ordered by the U.S. Commodity Futures Trading Commission to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.
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August 14, 2024 / Digital
Finextra: ClearBank secures Dutch banking license
ClearBank has continued their successful growth by securing their Dutch banking license.
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August 12, 2024 / Digital
Finextra: JP Morgan preps more biometric payment pilots
J.P. Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.
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Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.
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July 29, 2024 / Artificial Intelligence, Digital
The Verge: OpenAI announces SearchGPT, its AI-powered search engine
OpenAI is announcing its much-anticipated entry into the search market, SearchGPT, an AI-powered search engine with real-time access to information across the internet.
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City AM: Natwest shares rise after strong results and deal for part of Metro Bank’s mortgage book
Metro Bank (UK) continues to consolidate by selling part of their mortgage book.
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July 24, 2024 / Digital
efinancialcareers: With C++ blamed for CrowdStrike calamity, an ex-DE Shaw researcher has an answer
What went wrong at CrowdStrike?
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Finextra: NatWest launches banking app on Apple Vision Pro
NatWest Group launches banking app on Apple Vision Pro.
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July 22, 2024 / Digital, Regulation
Finextra: UK regulators seek feedback on Big Tech digital wallets
UK regulators are calling for feedback on the benefits and risks digital wallets from Big Tech giants such as Apple and Google bring to people and businesses.
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