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Latest Results from /retail

/retail

Google used AI to banish half a billion scam ads in 2024

Google has been using AI to crack down on advertising fraud, meeting a key demand from banks and politicians to bear down on scam accounts.

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US Judge throws out CFPB's cap on credit card late fees

A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.

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Ex-Revolut staffers team with Mastercard to take stablecoins mainstream

Blockchain bank account startup Bleap has joined with Mastercard to launch a non-custodial debit card, making it possible for people to connect stablecoin payments with traditional financial payment rails.

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Allica Bank nearly doubles profits

British SME challenger bank Allica has nearly doubled profits and hit £3 billion of lending in a record-breaking year in which it was crowned as the fastest growing startup in Europe.

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Klarna and Clover ink in-store BNPL pact

Klarna has moved to boost its in-store presence in the US, bringing its BNPL payment options to 100,000 merchant locations though a deal with Fiserv's Clover point-of-sale business.

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Bunq files for US licence

As it reports a 65% surge in full-year profit, Dutch digital bank bunq has stepped up its effort to crack the US, filing for a broker-dealer licence in the country.

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New York sues DailyPay and MoneyLion over 'illegal loans'

The New York attorney general has sued DailyPay and MoneyLion, accusing the earned wage access providers of charging workers fees that amount to interest rates of up to 750%.

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Friday Harbor raises $6m for AI-powered mortgage origination

Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, has closed a $6 million seed round.

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Starling takes SaaS platform to the US

Starling Bank is opening a US subsidiary to sell its tech infrastructure platform Engine to North America's mid-tier banks, community banks and credit unions.

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Major US banks dial down information sharing with OCC after email hack

JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.

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Banked acquires VibePay

Banked has acquired UK-based consumer payments app VibePay, to drive Pay by Bank adoption through consumer and merchant incentives.

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South Africa's Stitch raises $55 million

South African payment service provider Stitch has raised $55 million in a Series B funding round led by QED Investors.