Latest Retail banking News: Finextra Research

Digital pound offline payments 'challenging' - BofE

Offline payment functionality is technically feasible for a future digital pound but there are trade-offs that make it challenging, according to new Bank of England research.

15 April 2025

/retail

UK RegTech NorthRow explores sale

UK RegTech platform NorthRow has appointed boutique investment advisory firm Lazarus Consulting to explore options for growth investment or a full sale of the business.

14 April 2025

/retail

Tisa calls on UK regulators to clamp down on AI search engines

The Investing and Savings Alliance (Tisa) is calling on UK regulators to protect consumers from the ‘wild west’ of AI search engines.

14 April 2025

/retail

BaaS platform BKN301 completes £18.6 million Series B

BKN301, a digital payments and Banking-as-a-Service startup, has raised £18.6 million to support international expansion and strategic acquisitions.

14 April 2025

/retail

Nate founder charged with fraud over 'AI' shopping app secretly powered by humans

The founder of an AI-based tool for automating online shopping checkouts has been charged with defrauding investors over claims that the process was actually carried out by human workers in the Philippines.

14 April 2025

/retail

Bitcoin now accepted for day and boarding school Lomond fees

Lomond School has become the first UK school to accept bitcoin for school fees, partnering with providers CoinCorner and Musquet.

11 April 2025

/retail

Tackling fraud: Learn how to build smarter defences at NextGen Nordics

As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments.

11 April 2025

/retail

Block to pay $40m penalty for AML failures

Block will pay a $40 million penalty to New York regulators for "significant failures" in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.

11 April 2025

/retail

House of Representatives kills CFPB oversight of Big Tech payment apps

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets.

10 April 2025

/retail

Anthropic hires former Stripe exec Guillaume Princen to lead European expansion

AI coding platform Anthropic has hired Guillaume Princen, the architect behind Stripe's European operations, as head of Emea, as the firm prepares to hire 100 new staff for a push into Europe.

10 April 2025