Standard Chartered invests in ethical finance startup Algbra

Standard Chartered's venture arm has invested in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. Terms were not disclosed.


UK moves to experimentation phase of Regulated Liability Network

The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.


Innovate Finance sets out Open Finance roadmap

Building on open banking to enable wider data sharing across financial services products including savings, mortgages and insurance, could unlock an extra £30.5 billion GDP a year for the UK, says a paper from Innovate Finance and KPMG.


Zopa eyes IPO after hitting FY profitability

UK digital bank Zopa has swung to its first full year profit as it prepares to start offering current accounts and eyes a future IPO.


European taskforce calls for T+1 alignment

A group representing buy and sell-side firms and market infrastructure providers across Europe has called on the UK, Switzerland and the EU to coordinate plans to shorten the settlement cycle for securities trades.


UK government announces open finance task force

Bim Ofolami, UK government Economic Secretary to the Treasury, has announced the formation of an open finance task force during a speech at ifgs 2024.


Temenos rejects Hindenburg claims after probe completed

Shares in core banking provider Temenos have risen upon news that an investigation commissioned by the company found that accusations of mismanagement by short seller Hindenburg Research were "inaccurate and misleading".


German bank LBBW enters crypto market

Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, has formed an alliance with crypto custodian Bitpanda.


EC and CFPB meet on consumer risks from AI and BNPL

US and European officials have begun an "informal dialogue" on consumer financial protection issues, focusing on the rise of Big Tech in payments; the use of AI in lending; and the emergence of buy now, pay later.


Banco de Portugal's Helder Rosalino confirmed as EBAday 2024 host keynote

Rosalino will be taking to the stage to open the show in Lisbon, Portugal for this year's EBAday, exploring the roadmap for a modern and safe payments market.


NextGen Nordics 2024: Under two weeks to go!

On 23rd April, Finextra will be returning to Stockholm for NextGen Nordics for a day packed with panels, Q&As, workshops, keynotes, and networking.


CMA outlines competition concerns with AI Foundation Models

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.