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Latest Results from /retail

/retail

Klarna launces UK BNPL gift card store

Klarna is teaming up with Blackhawk Network to launch the UK's first buy now, pay later gift card store

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Lunar launches GenAI Native Voice Assistant

In a European first, Nordic challenger bank Lunar has launched a virtual assistant using GenAI Native Voice technology.

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Norway's cashless economy drive halted by new cash payment rules

Norway's progress to become one of the world's first cashless economy has hit a roadblock under new rules passed by Parliament that oblige shops to accept cash payments alongside other mobile payment and card options.

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AI patents at BofA increase 94% since 2022

Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.

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Ripple and IBM provide crypto custody service for Garanti BBVA

Garanti BBVA is rolling out a crypto safekeeping service to its customers through a collaboration with Ripple and IBM.

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Apple and Goldman Sachs fined $89 million by CFPB over Apple Card mismanagement

The Consumer Financial Protection Bureau has slapped an $89 million penalty on Apple and Goldman Sachs for illegally mishandling credit card transaction disputes and misleading iPhone purchasers about interest-free payment options.

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Green Dot launches embedded finance brand

Digital bank and fintech provider Green Dot has launched an embedded finance brand and platform of services.

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Moneybox gets £70m investment

British savings and investment app Moneybox has secured £70 million in investment, mostly facilitated through a secondary share sale that will nearly double its valuation from two years ago to £550 million.

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AFP: FedNow vs. The Clearing House’s Real Time – where does Request for Payment fit in?

Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.

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CFPB faces lawsuit over new open banking rules in bank pushback

The Bank Policy Institute and Kentucky Bankers Association have filed a lawsuit against the Consumer Financial Protection Bureau, alleging that the regulatory agency overstepped its authority on the release of new open banking rules

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Banco Santander creates first band born on social media

Banco Santander is taking a leaf out of Simon Cowell's X Factor playbook, creating a band from young hopefuls in a contest promoted on social media platform TikTok.

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FCA uses criminal powers in latest crackdown on 'finfluencers'

The FCA is interviewing 20 'finfluencers' under caution who may be touting products illegally, extending its crackdown on financial product promotions via social media personalities