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Latest Results from /retail

/retail

Revolut doubles down on B2B with launch of POS Terminal for larger businesses

Revolut is rolling out a POS terminal device for larger businesses in the UK and Ireland in advance of Black Friday and the busy festive shopping season.

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AperiData rolls out open banking credit score

Credit Referencing Agency AperiData has released a real-time open banking credit score to help lenders more accurately guage the ability of applicants with limited credit history to repay their debt.

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Ex-UBS boss Hamers joins AI wealth management startup Arta Finance

Former UBS chief executive Ralph Hamers has become an external senior advisor for Arta Finance, an AI-based digital wealth management startup founded by former Google executives.

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Banked buys Australian A2A payments outfit Waave

London-based account-to-account payments provider Banked has gained a foothold in the Australian market through the acquisition of local player Waave. Financial terms were not disclosed.

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Citi and Mastercard team on cross-border debit card payments

Citi is working with Mastercard to enable clients to make real-time cross-border payments to debit cards.

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TD Bank fined $3bn after money laundering guilty plea

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

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Monzo to hit £4.5bn valuation in employee share sale

Monzo is offering employees the opportunity to sell part of their stakes in the digital bank through a secondary sale that sees its valuation hit £4.5 billion.

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'Woeful' systems and staff incentive schemes land TSB with £10.9 million penalty

The FCA has fined TSB Bank £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

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Revolut to offer American Express as new payment method for business customers

Revolut is to provide business merchants in the UK with the ability to accept American Express cards, unlocking access to higher spending, premium customers and supporting further growth of the card scheme's network in the UK.

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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.