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Former TSB boss Pester becomes chair of wealthtech startup Firenze

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Former TSB boss Pester becomes chair of wealthtech startup Firenze

Former TSB and Virgin Money boss Paul Pester has taken on the role of chair at Firenze, a Manchester-based embedded finance startup that helps wealth managers offers customers loans secured against their investment pots.

Starling warns of rise in voice cloning scams

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Starling warns of rise in voice cloning scams

Voice cloning scams – where fraudsters use AI technology to replicate the voice of a friend or family member – could be set to catch millions out, according to new research from Starling Bank.

Card rewards startup Yonder raises £23.4 million

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Card rewards startup Yonder raises £23.4 million

Rewards credit card startup Yonder has raised £23.4 million in new funding at a post-money valuation in excess of £100 million.

Australia gives priority to wholesale CBDC over retail

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Australia gives priority to wholesale CBDC over retail

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

Contactless takes the lead for Canadian in-store payments

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Contactless takes the lead for Canadian in-store payments

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store transactions.

Banks in Singapore add facial verification to security toolkit

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Banks in Singapore add facial verification to security toolkit

Banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.

Indian lending app mPokket to hire 5000 new staff

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Indian lending app mPokket to hire 5000 new staff

Indian digital lending app mPokket is to hire 5000 new staff in the coming year, more than tripling its current workforce.

FDIC plans to strengthen custodial deposit rules following Synapse collapse

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FDIC plans to strengthen custodial deposit rules following Synapse collapse

In the wake of the collapse of fintech Synapse, a US regulator has outlined plans to strengthen recordkeeping requirements for bank deposits received from third party companies on behalf of their customers.

Despite evidence to the contrary, FCA insists new access to cash rule having 'positive impact'

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Despite evidence to the contrary, FCA insists new access to cash rule having 'positive impact'

New rules from the FCA to protect access to cash have come into force and are already having a positive impact in local communities, says the watchdog, adopting a stance which has strained credulity in the wake of Lloyds Bank's latest branch closure programme.

Investing in Women Code backs UK female founders

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Investing in Women Code backs UK female founders

Venture capital fund managers who have signed up to the Investing in Women Code are more likely to invest in female founders, according to a UK government report.

JPMorgan in talks to take on Apple's credit card portfolio from Goldman Sachs

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JPMorgan in talks to take on Apple's credit card portfolio from Goldman Sachs

JPMorgan Chase is in discussion with Apple about taking over the computer giant's credit card programme from Goldman Sachs.

OCBC to invest $500 million in new innovation hub

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OCBC to invest $500 million in new innovation hub

South East Asia's second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).

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