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Latest Results from /retail

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Klarna to use AI to halve workforce

Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce.

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Banking Circle launches euro-backed stablecoin

Banking Circle has launched a new MiCA-compliant stablecoin into the European market.

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AIB introduces voluntary gambling block

AIB is the latest bank to introduced a voluntary block feature on debit and credit card transactions linked to gambling.

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Adyen names Cash App's Tom Adams CTO

Payments processor Adyen has hired Cash App's head of engineering Tom Adams as chief technology officer.

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Visa in talks over £700m Featurespace acquisition - Sky News

Visa is in talks with Featurespace about a £700 million acquisition of the British financial fraud fighting outfit, according to Sky News.

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Australian regulator secures court win over Kraken's local operator

An Australian court has ruled in favour of the country's securities regulator against the local operator of the Kraken crypto exchange over design and distribution obligations when offering a margin trading product.

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Deutsche Bank settles majority of claims in Postbank case

Deutsche Bank has been in the process of acquiring Postbank since 2008, and has been facing trouble agreeing to a settlement with Postbank shareholders.

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Nationwide app hit with Faster Payments delay

Nationwide users have received a message that payments "are delayed at the moment". This comes after similar issues in June.

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MUFG invests $333m in Indian digital lender DMI Finance

MUFG Bank is investing another $333 million in Indian digital lender DMI Finance at a valuation of around $3 billion.

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Visa joins $5 million round in African payroll provider Workpay

Visa has joined a $5 million funding round in Kenyan payroll provider Workpay.

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CBA and BNY deliver near real-time cross-border payments

Commonwealth Bank of Australia is delivering near real-time cross-border payments to businesses and consumers who receive international payments from customers of US bank BNY.

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BBVA doubles AI staff numbers

BBVA has doubled the number of staff working on artificial intelligence to more than 400 as it opens new 'AI Factories' in Mexico and Turkey.