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Latest Results from /retail

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Pockit to buy Monese

Pockit, a UK fintech that provides financial services to low-income and underserved customers, has agreed terms to acquire struggling mobile banking outfit Monese.

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MoneyGram says hackers stole customer data

MoneyGram has confirmed that the cyberattack that knocked out its service for several days last month saw crooks steal customer data, including bank account numbers.

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NextGen: AI: AI adoption is thriving in the financial sector

According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.

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Worldline moves into embedded payments market

Worldline is moving into embedded payments via a partnership with Online Payment Platform (OPP), a provider of payment technology for platforms and marketplaces.

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Crypto.com sues SEC after receiving Wells notice

Crypto.com has filed a lawsuit against the Securities and Exchange Commission after receiving a Wells notice from the regulator warning that enforcement action may be on the way.

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Mastercard targets real-time card payments in South Africa

South Africa is set to become the first country to benefit from Mastercard's push to introduce real-time card payments.

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FTX gets green light to repay billions to customers

Customers of failed crypto exchange FTX will receive up to $16.5 billion under a bankruptcy plan approved by a US judge.

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EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

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Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

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Klarna board seeks to oust co-founder's ally

The board of Klarna Bank has agreed to remove Mikael Walther, a close ally of co-founder Victor Jacobsson, according to the Financial Times.

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Remittance firm Zepz raises $267m

London-headquartered money transfer outfit Zepz has raised $267 million in a funding round led by Accel.

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Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.