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RBI (Reserve Bank of India) is the latest bank to join the global Project Nexus initiative, designed to enable instant cross-border instant payments.
05 July 2024
On the day that the United Kingdom heads to the polls to vote in the General Election, The Payments Association has issued a plea to the incoming Chancellor to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.
04 July 2024
Commonwealth Bank of Australia has added travel booking and car buying services to its mobile app.
Germany's Giesecke+Devrient (G+D) has unveiled a token-based system for secure offline payments.
National Australia Bank is exploring the use of biometric tracking of keystrokes and phone handling as part of a suite of initiatives to clamp down on fraudulent payments.
MUFG and the Finnoventure Private Equity Trust I fund have invested $195 million in Thailand-based fintech unicorn Ascend Money.
03 July 2024
Mizuho Financial Group is testing a generative AI application from IBM to help speed up recovery time from IT outages.
Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.
The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.
Berlin-based family finance app Bling has raised $12 million Series A financing round led by US investor Owl Ventures, existing investors Peak and Angel Invest as well as the Frankfurt-based venture arm of Commerzbank Group Neosfer.
The parent company of crypto-focused bank Silvergate has agreed to pay $63 million to settle US regulatory charges about its anti-money laundering programme and the losses sustained during the collapse of FTX.
02 July 2024
Fintech juggernaut Revolut has surged to a record profit of $545 million in 2023, boosting its long-term quest to secure a UK banking licence.
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