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/markets

FCA asks court to lift consolidated tape contract suspension

The Financial Conduct Authority has filed an application with the UK's High Court to lift a suspension on a contract it awarded for a bond consolidated tape.

/payments

JPMorgan shuts down Mobility Payments business

JPMorgan is shutting down the payments business it acquired from Volkswagen in 2021 after concluding that it cannot generate a profit, according to Bloomberg.

/payments

Lloyds facing Curve shareholder rebellion over £120 million acquisition

Lloyds Banking Group has reportedly signed a £120 million deal to acquire UK digital wallet provider Curve.

/security

APP fraud losses surge by 12% in H1

Authorised push payment (APP) fraud losses in the UK hit £257.5 million in the first half of 2025, a 12 per cent increase on the same time last year, according to the latest data from UK Finance.

/retail

JPMorgan cuts deals with fintech firms for access to customer data

After securing its first payment-for-data deal with Plaid in September, JPMorgan has now updated contracts with fintech firms that make up more than 95% of data pulls on its systems.

/security

Cairo Amman Bank deploys iris recognition to disburse payments to unbanked workers

United Creations, an apparel manufacturing company in Jordan, has deployed iris recognition technology from IrisGuard to provide unbanked and migrant workers with direct access to slary payments.

/payments

Bank of America launches digital 401(k) and retirement planning

Bank of America's recent Workplace Benefits Report reveals that the two key areas where employees need financial wellness resources are: retirement education and planning, and learning how to generate income in retirement.

/markets

JPMorgan Chase expands into Dubai

JPMorgan Chase is planning to expand in Dubai as part of a push to collaborate with more Middle Eastern businesses.

/ai

easypaisa and TNG Digital adopt Ant International’s AI-as-a-Service platform

Ant International is partnering with TNG Digital, operating company of TNG eWallet, and Pakistani neobank easypaisa to deliver AI-powered customer experiences.

/ai

Finextra & Cloudera release global survey report on the state of AI adoption in financial services

Our latest Finextra global survey report ‘Turning AI potential into advantage: How financial services institutions are scaling AI’, produced in association with Cloudera, is now available to download.

/payments

Central banks of England, Thailand and Singapore to explore synchronised FX settlement

The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand have joined together to explore the technical and policy implications of settling tokenised foreign exchange (FX) transactions using synchronised settlement mechanisms.

/retail

Nationwide pledges to keep all branches open until 2030

Nationwide has announced that it will continue to keep every one of its 696 Nationwide and Virgin Money branches open until at least 2030, despite many other banks closing theirs.