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Latest Results from /retail

/retail

Firms using GDPR as a scapegoat for Consumer Duty failures risk regulatory action, warns MorganAsh

Firms that are falsely using GDPR as a ‘scapegoat’ for non-compliance with Consumer Duty are risking severe action from the regulator, MorganAsh warns.

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FinCrime Dynamics secures seed funding

Over 3 million cases of fraud are reported in the UK every year, shockingly it accounts for nearly 40% of all reported crime.

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Bank of Punjab to expand into affluent market with Mastercard

Mastercard has joined forces with the Bank of Punjab (BOP) as an exclusive partner to enhance the bank’s proposition across consumer debit and credit, affluent portfolio and loyalty offerings.

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WiseAlpha brings the corporate bond market to retail investors

In a watershed moment for the UK investment market, the WiseAlpha platform now gives all retail investors the ability to access to the entire pool of Sterling corporate and government bonds.

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An Post all but eliminates CNP fraud for customers using dynamic CVVs

Safecypher, one of Europe’s leading card payments security companies, has announced that its new evolutionary anti-card fraud technology partnership with An Post, the Irish Post office’s service, has “virtually eliminated” all CNP (Card-Not-Present) fraud for customers using the Dynamic CVV feature.

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Mastercard collaborates with Jeel to drive payment modernisation in Saudi Arabia

Mastercard and Jeel — a subsidiary of Riyad Bank — are joining forces to enable digital and cutting-edge solutions such as AI to drive innovation in Saudi Arabia.

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Modulr secures contract with HMRC for Confirmation of Payee

Modulr, a leading digital payment services provider, is today announcing a significant new contract with His Majesty’s Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services.

/retail

Cross-border stablecoin startup Juicyway secures $3 million pre-Seed funding

Juicyway, a leading payment startup using stablecoin technology to transform cross-border payments connecting people and businesses to the global economy, has launched out of stealth mode and announced a $3M pre-seed round led by P1 Ventures, with participation from Ventures Platform, Future Africa, Magic Fund, Andrew Alli, Gbenga Oyebode, Tunde Folawiyo, Microtraction, and others.

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Experian fraud report finds huge growth in GenAI technologies

Experian announced its 2024 Global Identity & Fraud Report that provides a comprehensive view of the consumer and business response to the latest fraud patterns and fraud‑mitigation strategies in the worldwide financial services sector.

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Affirm strikes $4bn loan deal with Sixth Street

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Sixth Street, a leading global investment firm, today announced that they have entered into a long-term capital partnership whereby Sixth Street through its Asset Based Finance platform will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three year, forward flow agreement.

/retail

CU Financial Group and Sure launch digital insurance platform for credit unions

Sure, the insurance technology leader that unlocks the potential of digital insurance, today announced it has partnered with CU Financial Group, LLC (CUFG) to launch SimpleQuote, a new digital insurance solution that will enable credit unions to offer their members seamless access to insurance.

/retail

Payment Cards Group and Black Bear Merchant Services set up AbbyPay brand

The Payment Cards Group Limited (“PCG”), a cloud-native payment processor and acquirer, and Black Bear Merchant Services Limited (the holding company of BBMSL Limited “BBMSL”) are pleased to announce the signing of a strategic alliance to establish a new brand and group holding company, ABBY Pay&Tech Holdings Limited (“AbbyPay”).