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Latest Results from /retail

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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

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AI stock picker outperforms the S&P 500 by almost 50%

ProPicks, an AI-based stock picker provided to subscribers of Investing.com, has outperformed the S&P 500 by almost 50% since its launch last year.

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Former CEOs of Mastercard and Vanquis join Pockit board

The former CEOs of Mastercard and Vanquis have joined the board of UK fintech Pockit in the wake of its acquisition of mobile banking outfit Monese.

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HSBC launches virtual EUR and GBP accounts for overseas merchants

HSBC has launched a new cross-border virtual account proposition for banks worldwide, enabling their merchant business customers trading on e-commerce sites to receive EUR and GBP payments via their local bank account.

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Infinity Ventures closes $184m fintech fund

Infinity Ventures, the early-stage fintech and commerce venture firm founded by PayPal veterans, has raised a $184 million Fund II.

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Afin Bank secures licence to serve African diaspora in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.

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Stripe to pay $1.1bn for stablecoin platform Bridge

Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1 billion.

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US moves to 'open banking' with Personal Financial Data Rights final rule

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.