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/ai

Palantir, xAI and TWG Global team on AI offering for FS sector

Data analytics giant Palantir Technologies is teaming up with Elon Musk's xAI and investment firm TWG Global to help financial services firms to embed AI at the core of their organisations.

/cloud

West Brom Building Society picks Deloitte and 10x for digital makeover

West Brom Building Society has called in Deloitte and core banking provider 10x for a digital overhaul.

/payments

GreenBanana unveils BNPL platform for retailers

German fintech GreenBanana has launched a platform that connects retailers with buy now, pay later providers in more than 25 countries.

/security

ANZ scraps passwords for digital banking log-in

ANZ is scrapping password access to its digital banking arm ANZ Plus, replacing key-based log-ins with two-factor authentication.

/crypto

Visa invests in stablecoin startup BVNK

Visa Ventures has made a strategic investment in stablecoin infrastructure platform BVNK.

/regulation

CFPB to revisit open banking rule

In its latest about-turn under the Trump administration, the Consumer Financial Protection Bureau is preparing to reopen its recently finalised open banking rule, according to Bloomberg Law.

/startups

Stripe alumni raise €10.7 million for business identity startup

Duna, a business identity startup founded by former Stripe staffers, has raised €10.7 million in a Seed funding round led by Index Ventures.

/payments

Klarna hits 11 million UK customers

Swedish BNPL giant Klarna has crossed 11 million active customers in the UK and has doubled its merchant base in a year to 60,000,

/retail

XData Group to go public on Nasdaq via blank check merger

Estonian banking technology provider XData is to go public on the Nasdaq market via a Spac merger with blank-check firm Alpha Star Acquisition Corporation.

/wholesale

JPMorgan shuts platform that connected founders with investors

JPMorgan Chase has shut down Capital Connect, the platform it launched in 2022 to help startups link up with VC investors.

/payments

UK FS players agree to fund delivery of commercial VRPs

A group of 31 players in the open banking and payments industries has committed to fund efforts to create a new company that will bid to put Variable Recurring Payments on a viable commercial footing in the UK.

/payments

PayPal launches contactless mobile wallet in Germany

PayPal's long-running effort to crack the high street continues with the launch in Germany of a contactless mobile wallet that lets users pay instore and in instalments with a tap of their phone.