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Latest Results from /retail

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US consumer fraud losses top $12.5bn in 2024

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

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Eurosystem to offer Sepa-wide VoP scheme

The central banking system of the Euro zone is to offer a Verification of Payee service for PSPs in the Single Euro Payments Area.

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Nubank partners OpenAI to smooth customer experience

Brazil's Nubank is working with OpenAI on a host of services and features for its 114 million customers.

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Green Dot CEO leaves as firm explores strategic options

Digital bank and fintech provider Green Dot has replaced CEO and president George Gresham as it looks to shake things up, bringing in Citi to "explore strategic alternatives".

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Sweden's Riksbank works on offline payments in contingency planning for war outbreak

Sweden's central bank is working to improve the possibility of making offline payments by card to strengthen resilience at a time of geopolitical unease and the advance of Russian troops in Ukraine.

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Atom Bank to move to new HQ in Newcastle while resisting back-to-work diktats

Atom Bank is to move its headquarters from Durham to Newcastle in a multi-million pound ofice investment.

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BBVA to offer bitcoin and ether trading and custody services in Spain

BBVA has received the green light from the Spanish Securities and Exchange Commission (CNMV) to provide custody and execution services for retail cryptoassets trading orders in Spain.

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Barclays closes in on sale of merchant acquiring business

Barclays Bank is closing in on a deal to offload its merchant acquiring business to Canada's Brookfield Asset Management.

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Zocks raises $13.8m for AI-driven financial advisor client intelligence

Zocks, an AI-driven client intelligence platform for financial advisors has raised $13.8 million in a Series A funding round led by Motive Ventures.

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Revolut and Visa file legal challenges over PSR's plan to cap fees

Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.

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Markets unmoved by Trump's Bitcoin reserve plan

Bitcoin's price dipped on Thursday as markets were left underwhelmed by an executive order from President Donald Trump creating a strategic reserve made up of the cryptocurrency already owned by the government.

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Lloyds to cut UK jobs, shift IT skills to India - FT

Lloyds is planning to cut hundreds of permanent IT employees working in the UK, whilst simultaneously hiring IT engineers in similar roles in India.