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/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.

/ai

MAS sets out AI risk management guidelines

The Monetary Authority of Singapore is to hold bank board members and senior staff responsible for manging risks from the deplyment of artificial intelligence.

/payments

Mastercard Move taps Thunes for payouts to stablecoin wallets

Mastercard Move is to enable near-instant payouts to stablecoin wallets via Thunes’ Direct Global Network.

/payments

Zilch goes for growth with over $175 million debt and equity raise

With one eye on an IPO, London-based buy now, pay later firm Zilch has raised $176.7 million in debt and equity.

/payments

JPMorgan and DBS explore interoperability of tokenized deposits

JPMorgan's blockchain unit Kinexys is working with Singaporean bank DBS to develop an interoperability framework for tokenized deposit transfers across various types of blockchain networks.

/security

The eyes have it: Ant International adds iris authentication to smart payment glasses

Ant International has added iris authentication to its smart payment spectacles.

/ai

Visa builds trust protocol for agentic commerce

Visa is introducing a 'trusted agent protocol' to protect merchants from malicious bots when transacting with AI agents.

/wealth

FNZ secures second large cash injection

Wealth management platform FNZ has raised $650 million in new equity funding from its institutional shareholders, the second such cash injection that the firm has received this year.

/crypto

Coinbase abandons BVNK acquisition

Coinbase has pulled out of a proposed $2 billion deal to buy payments and stablecoin infrastructure platform BVNK.

/payments

Visa runs pilot trials of stablecoin payouts

Visa is running pilot trials of USD-backed stablecoin payouts to creators and gig workers.

/retail

Smart Data Group publishes blueprint for the future of open banking

Smart Data Group has published its proposals for a future entity and blueprint to shape the next phase of open banking in the UK.