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The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.
08 October 2024
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.
The board of Klarna Bank has agreed to remove Mikael Walther, a close ally of co-founder Victor Jacobsson, according to the Financial Times.
07 October 2024
London-headquartered money transfer outfit Zepz has raised $267 million in a funding round led by Accel.
A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.
The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.
04 October 2024
Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.
Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.
03 October 2024
Shares in Payfare plummeted by more than 75% after the Canadian earned wage access firm initiated a strategic review in response to losing its biggest client, DoorDash.
02 October 2024
The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.
US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.
There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.
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