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Latest Results from /retail

/retail

Royal Mint turns waste into gold

The UK's Royal Mint has set up an industrial plant to extract gold from discarded circuit boards.

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X working on 'payments' button

Social network X could be close to adding a payments button as it builds towards Elon Musk’s ambitions of transforming the platform into an "everything app" where users can conduct their "entire financial life".

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US fintech Octane raises $50m

Octane, a fintech focussed on enabling "major recreational purchases", has raised $50 million in a Series E funding round.

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Mexican fintech Stori raises $212 million

Mexican fintech unicorn Stori has raised $212 million in equity and debt financing.

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Santander circulates deepfakes to raise awareness of scam threat

Santander has launched a campaign to demonstrate the threat to consumers from 'deepfake' videos circulating on social media platforms.

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CIBC to hire 200 data and AI specialists

Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 month

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JP Morgan preps more biometric payment pilots

JP Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.

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Varo picks Marqeta as issuer processor

American digital bank Varo has inked a five-year issuer processor deal with Marqeta.

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Two more Wirecard executives implicated in widening financial scandal

German prosecutors have charged a further two Wirecard executives with wrong-doing in the lead up to the collapse of the once hyped fintech company.

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NCR Voyix sells digital banking business for $2.45bn

NCR Voyix has entered an agreement to sell its cloud-based digital banking business for $2.45 billion in cash to Veritas Capital.

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Fintech investment continues slow decline

Total global investment in fintech fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.

/retail

CommBank halves customer scam losses

Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.