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Nubank buys Hyperplane to push AI-first strategy

/retail

Nubank buys Hyperplane to push AI-first strategy

Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.

Digital euro would maintain freedom to choose how Europeans pay - ECB

/retail

Digital euro would maintain freedom to choose how Europeans pay - ECB

With Europe inching towards the issuance of a digital euro, the ECB has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice.

Visa launches digital card replacement service for travellers

/retail

Visa launches digital card replacement service for travellers

A new Visa service means that travellers that lose their wallet can now get a digital card replacement via text or email.

Evolve Bank confirms data stolen by ransomware gang

/retail

Evolve Bank confirms data stolen by ransomware gang

Days after claiming that it had hacked the US Federal Reserve, the Russia-linked LockBit ransomware gang has posted stolen customer data from Evolve Bank & Trust on the dark web.

Google Ventures leads $18 million round in Climate X

/retail

Google Ventures leads $18 million round in Climate X

Climate risk intelligence company Climate X has raised $18 million in a Series A investment round led by Google Ventures with support from by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures and Western Technology Investment (WTI).

Central banks must raise game in face of AI - BIS

/retail

Central banks must raise game in face of AI - BIS

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

MuchBetter launches 'free' contactless payments ring

/retail

MuchBetter launches 'free' contactless payments ring

Wearable paytech provider MuchBetter has launched a contactless payments ring in Italy that is free - as long as users load it with €100 through the associated app.

Computop calls on retailers to join EPI pilot trials

/retail

Computop calls on retailers to join EPI pilot trials

EU payment gateway Computop is calling on merchants to join pilot trials of the bank-backed European Payments Initiative's wero wallet scheme.

US judge rejects $30bn interchange fee settlement

/retail

US judge rejects $30bn interchange fee settlement

A US judge has rejected a $30 billion settlement between Visa, Mastercard and retailers over credit card interchange fees.

Digital IDs from Lloyds, Yoti and the Post Office gain proof of age accreditation

/retail

Digital IDs from Lloyds, Yoti and the Post Office gain proof of age accreditation

Three digital ID apps from Yoti, Lloyds Bank and the Post Office have been accredited by the UK’s national Proof of Age Standards Scheme (Pass).

BaaS startup Connect Money raises $8 million

/retail

BaaS startup Connect Money raises $8 million

Egyptian Banking-as-a-Service startup Connect Money has closed an $8 million seed funding round led by Disruptech Ventures and Algebra Ventures.

Chift raises seed funding to help SaaS companies build integrations

/retail

Chift raises seed funding to help SaaS companies build integrations

Chift, a Belgian startup that helps SaaS companies integrate with other financial applications and tools via APIs, has raised €2.3 million in seed funding.

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