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/wealth

FNZ to face $4.6 billion employee class action lawsuit

The High Court of New Zealand has set the first hearing in a $4.6 billion class action lawsuit brought by former employees against FNZ Group and 17 of its current and former directors.

/retail

Union calls for ICO investigation into Lloyds' use of staff bank data during pay talks

A union representing Lloyds Banking Group employees is asking the Information Commissioner to investigate the lender's use of staffers' personal current account data as part of its pay negotiations.

/payments

Block starts real-time Cash App score pilot

Block-owned Cash App is piloting a feature that allows users to see in real-time how the way they interact with the app influences their financial health.

/payments

European Central Bank embarks on work to interlink Target with UPI and Nexus Global Payments

The European Central Bank is commencing work to interlink the Eurosystem’s Target Instant Payment Settlement (Tips) with India's Unified Payment Interface and other real-time payment rails across Asia.

/wealth

Zopa launches investments

Zopa Bank is partnering with Upvest to provide wealth-generating opportunities for first-time investors.

/retail

CFIT convenes industry coalition to develop an Open Property Smart Data scheme

Fintech growth quango, the Centre for Finance, Innovation and Technology (CFIT) has convened an industry-wide coalition to revolutionise the home-buying process.

/crypto

Digital asset clearing house ClearToken signs for Nasdaq tech

ClearToken, a London-based clearing house for global digital assets, has signed up for Nasdaq's Eqlipse Clearing technology.

/payments

SBS adds Wero digital wallet support to open banking platform

Fintech SBS has upgraded its open banking platform to let banks integrate the European Payments Initiative's Wero digital wallet.

/startups

AI credit intelligence platform Kaaj raises $3.8m

AI credit intelligence platform for small business lending Kaaj has raised $3.8 million in a seed funding round led by Kindred Ventures.

/crypto

Kraken eyes IPO after latest funding round

A day after securing a $20 billion valuation in its latest funding round, crypto exchange Kraken says it has confidentially filed to go public in the US.

/wealth

Stratiphy returns to the crowd for funding boost

UK WealthTech Stratiphy has launched a crowdfunding campaign on Crowdcube at a valuation of £7 million.

/markets

FCA tenders for suppliers for UK equity consolidated tape

The FCA is inviting Expressions of Interest from potential providers for a UK equity consolidated tape in an effort to boost liquidity in fragmented capital markets.