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Latest Results from /retail

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First Abu Dhabi Bank and JP Morgan pilot programmable payments

First Abu Dhabi Bank (FAB) has carried out a programmable payments pilot using JP Morgan's JPM Coin Blockchain Deposit Accounts.

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Visa to buy UK fraud fighting tech provider Featurespace

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

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Bank of England to form AI consortium

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

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Klarna takes on the high street through Adyen partnership

BNPL giant Klarna is stepping up its assault on bricks-and-mortar shopping, landing on Adyen in-store terminals across Europe, North America and Australia.

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European Investment Bank lends Nexi €220m

The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation.

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Caroline Ellison gets two-year prison sentence for part in FTX fraud

Caroline Ellison, the former girlfriend of FTX co-founder Sam Bankman-Fried, has been sentenced to two years in prison for her part in the crypto exchange's collapse.

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FCA proposes rules to protect customers when payment firms go bust

The UK's Financial Conduct Authority has proposed rules designed to better protect customers when payments and e-money firms go out of business.

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Revolut bags investment from UAE sovereign fund

Challenger bank Revolut has seen its valuation rise to $45bn after Mubadala, the Abu Dhabi-based sovereign wealth fund acquired a stake in the company.

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Israeli regulator gives AI chatbot go-ahead to provide stock-picking advice

AI startup Bridgewise has been given the green light by Israeli regulators to launch a chatbot that gives advice on buying and selling stocks.

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Klarna and Xero bring BNPL to small businesses

Klarna has joined forces with accountancy software provider Xero to enable small businesses to accept buy now, pay later payments.

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US Justice Department sues Visa over debit card market monopoly

The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.

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HSBC calls for tech giants to help refund APP fraud victims

A senior HSBC executive is the latest banker to call for technology and social media firms to help foot the bill for compensating victims of Authorised Push Payment (APP) fraud.