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US financial services regulators should take the reins on fintech oversight and stop expecting banks to independently police the sector, say the Bank Policy Institute and the Clearing House Association.
04 November 2024
Affirm, one of the biggest buy now, pay later platforms in North America, has launched in the UK.
Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding round led by Fiserv.
01 November 2024
Barclays has completed the £600 million acquisition of Tesco Bank’s retail banking business.
Florida-based VyStar Credit Union has been hit with a $1.5 million penalty over the botched rollout of a new online banking system that saw members unable to access their accounts and money.
Well Fargo is the latest lender to offer Early Warning Service's Paze online checkout option to its debit and credit card customers.
Commonwealth Bank of Australia has clarified comments made by the bank's chairman at its general meeting over the use of renewable power sources and water to support its AI models.
Singapore-based payments firm Airwallex is in talks to raise $200 million at a $6 billion valuation, according to Bloomberg.
31 October 2024
Confirmation of Payee in the UK has been extended to cover almost 99% of all transactions made through Faster Payments and Chaps after more financial firms implemented the fraud-fighting protocol.
The European Central bank has launched a call for expressions of interest in innovation partnerships for the digital euro.
Starling Bank has launched an in-app call indicator to protect customers from bank impersonation scams.
BNPL provider Klarna has struck a deal become a default payment offering to Worldpay merchants around the world.
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