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UK Post Office and banks ink new cash access deal

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UK Post Office and banks ink new cash access deal

The UK's Post Office has signed a five-year partnership agreement with the country's banks and building societies to provide millions of people and small business with access to cash.

Nubank receives banking licence approval in Mexico

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Nubank receives banking licence approval in Mexico

Brazilian fintech giant Nubank has secured approval from Mexican regulators to become a bank in the country.

Mongolian fintech LendMN raises $20 million to drive financial inclusion

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Mongolian fintech LendMN raises $20 million to drive financial inclusion

Mongolian fintech LendMN has raised USD $20 million towards financial inclusion for MSMEs in Mongolia.

Interledger Foundation backs projects to bolster money movement around the world

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Interledger Foundation backs projects to bolster money movement around the world

The Interledger Foundation has broken ground on a host of new projects in countries such as Pakistan, Uganda and Jamaica as it works towards its goal of creating an open, interoperable payment network.

Latin American open finance platform Belvo raises $15m

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Latin American open finance platform Belvo raises $15m

Mexico City-based open finance API platform Belvo has raised $15 million in a round led by Quona Capital and joined by Citi Ventures.

Digital pound offline payments 'challenging' - BofE

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Digital pound offline payments 'challenging' - BofE

Offline payment functionality is technically feasible for a future digital pound but there are trade-offs that make it challenging, according to new Bank of England research.

EToro to launch UK and Europe stock lending programme

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EToro to launch UK and Europe stock lending programme

In order to identify borrowers and facilitate the stock lending process, eToro will partner with BNY, which will act as the custodian, and stock lending platform EquiLend. This stock lending launch showcases how eToro is currently leveraging BNY’s global clearing platform, offering integrated solutions across US and international clearing, custody, settlement, execution, and financing.

HSBC joins $51m funding round for immigrant neobank Zolve

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HSBC joins $51m funding round for immigrant neobank Zolve

Zolve, a neobank for immigrants to the US is planning international growth after securing $51 million in a Series B funding round led by Creaegis and joined by HSBC.

Bank of Israel unveils design of possible digital shekel

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Bank of Israel unveils design of possible digital shekel

The Bank of Israel is inviting feedback on a newly-published high-level design for a potential digital shekel.

JPMorgan Chase invests in FairPlay

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JPMorgan Chase invests in FairPlay

JPMorgan Chase has joined a $10 million investment round in FairPlay, a "Fairness-as-a-Service" company using AI fairness techniques to reduce algorithmic bias in lending.

Lloyds hires Amazon exec to head up mortgages division

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Lloyds hires Amazon exec to head up mortgages division

A former technology head at Amazon has been hired by UK high street bank Lloyds to lead the digitisation of the bank's revamped mortgage division

Asia to dominate global fintech market – report

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Asia to dominate global fintech market – report

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

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