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Latest Results from /retail

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Outward VC raises £51 million fintech fund

Outward VC, a London-headquartered early-stage venture capital fund, has closed on a £51 million fund to back early stages founders operating on the intersection of fintech and connected sectors.

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FCA files first criminal charges against operator of crypto ATM network

The Financial Conduct Authority has filed its first criminal charges against an individual accused of unlawfully running multiple crypto ATMs without FCA registration.

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Twenty7tec secures £16.5 million investment from BGF

Mortgage technology outfit Twenty7tec has bagged £16.5 million from the Business growth Fund (BGF) to drive growth and expansion within the UK.

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B2B BNPL player PastPay secures €12 million Series A

B2B buy now, pay later platform PastPay has raised €12 million in a Series A funding round led by Platina Capital and supported by a number of financial institutions.

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Japanese banks pilot stablecoin-based cross-border payments

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

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Financial management app IN1 raises $6m

IN1, a financial management app for fiat and crypto currencies, has raised $6 million in seed funding.

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UK lays the groundwork for open finance era with completion of open banking Roadmap

The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.

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Lloyds sets up anti-scam working group to tackle fake websites

Lloyds Bank has established an industry working group, working with Chargebacks911 and other payment platforms, to report known fake websites when they arise and block transactions.

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Klarna Bank criticised by FSA over money laundering risks

Klarna Bank has been upbraided by the Swedish Financial Supervisory Authority for failing to adequately deal with money laundering risks.

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Brazil preps new round of CBDC pilots

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

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Santander Spain appoints new CEO Ignacio Juliá

Ignacio Juliá, formerly CEO of ING for Spain and Portugal, is to be appointed as CEO of Santander Spain.

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PayPal revamps app to offer choice rewards programme

PayPal is rolling out a new rewards programme and more personalised ways for users to manage their spending in a major revamp designed to give consumers a smart choice for every purchase, every time.