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Latest Results from /retail

/retail

Fitbit Pay users moved over to Google Wallet

Google is killing off Fitbit Pay in most countries and moving users over to its Google Wallet system.

/retail

Westpac extends moratorium on branch closures in the bush

Westpac is extending a moratorium on regional branch closures until at least 2027 and investing $100 million in it branch network.

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BNPL firm Sezzle turns to gamification to encourage timely payments

Buy now, pay later provider Sezzle is gamifying on-time payments with a loyalty programme designed to encourage financial responsibility.

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Bank of Ireland to equip call centres with single customer view and voice biometrics

Bank of Ireland is spending €34 million to overhaul its call centre operations, providing operators with a single customer view and introducing voice biometrics for added security.

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Monese splits in two

Mobile banking startup Monese has confirmed the break up of the business into separate consumer-facing and corporate concerns and the arrival of new funding.

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Lunar raises EUR24.1m

Denmark-based digital challenger bank Lunar has raised EUR24.1 million as it bolsters its capital position for a push across the Nordics.

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Q1 sees almost 500 fintech deals

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

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BofE warns payment firms to be ready for new operational resilience rules

Payment firms have been warned by the Bank of England that they need to step up their preparations for new 'operational resilience' standards that will come in next year.

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Revolut vets launch crypto exchange

A group of former Revolut staffers have raised $6.5 million for hybrid cryptocurrency exchange X10.

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Gideon Valkin launches $12 million fund to back Europe’s fintech Mafia

Gideon Valkin – formerly of Monzo, ClearScore and Entree Capital – has closed on a $12 million fintech venture fund, Adrena Ventures, and made his first investment in Nustom, an AI startup founded by Monzo’s co-founding CTO Jonas Templestein.

/retail

Credit technology startup Abound moves into profit

British credit technology firm Abound has achieved profitability three years after its launch and is looking to double the size of its team in London from 65 to 130 this year.

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MAS lifts six-month IT ban on DBS

Singapore's central bank has lifted restrictions on non-essential IT services imposed on DBS Bank in the wake of a series of disruptive outages that hit the bank's payments and ATM services last year.