Klarna, a leading global payments and shopping provider, is pleased to announce that Ant Financial Services Group, owner and operator of the world’s leading payments and lifestyle platform Alipay, has taken a minority stake in Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide.

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the appointment of Kim Hochfeld as a senior managing director and global head of the firm’s cash business, within the Global Institutional Group. (Photo available)

Hochfeld, who has over 25 years of experience and will join the firm in Q1 2020, was most recently with Morgan Stanley Investment Management where she was a managing director and head of liquidity distribution for EMEA and Asia.

Spotcap, a multinational fintech, and Cembra Money Bank have partnered to launch a new digital lending service for Swiss small and medium-sized enterprises (SMEs) named Cembra Business.

ABAKA and Avaloq have announced a strategic partnership where ABAKA will join the Avaloq.one Ecosystem to collaborate on building new AI platforms and digital solutions for client banks of Avaloq around the world. This latest addition to the ecosystem follows ABAKA’s successful Series A funding round which saw the firm raise USD 6.5 million – one of the biggest investments in technology for the pensions and retirement market.

Dubai International Financial Centre (DIFC) and Mashreq today announced the region’s first blockchain data sharing platform, now live in production, to support licensed businesses and corporates opening digital bank accounts instantly.

With gold prices jumping in February as the stock market tumbled amid the worsening coronavirus crisis, one UK investor used their smartphone to buy almost £1 million of gold in one trade, a new record for market-leader BullionVault's mobile apps.

Total activity both online and by smartphone rose to its strongest since Donald Trump won the White House in November 2016, with the value of client bullion – stored and insured in each user's choice of London, New York, Singapore, Toronto or (most popular) Zurich – setting new all-time highs above £1.9bn.

Although the terms are often used interchangeably, crypto coins and crypto tokens are in fact not the same. Both are decentralised and based on blockchain technology, but coins and tokens have different functions. They, therefore, reside in different spaces of the digital finance market.

NatWest has today reaffirmed its commitment to supporting UK SMEs by removing the minimum monthly fee from its Business account and launching its free ‘Business Builder’ digital coaching programme for start-ups and entrepreneurs,

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, and Luxoft, a DXC Technology Company (NYSE: DXC), today announced an agreement to help financial institutions digitally transform the entire post-trade lifecycle, enabling more efficient, streamlined an