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Banks and mobile operators collaborate on Scam Signal for detecting APP fraud

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Banks and mobile operators collaborate on Scam Signal for detecting APP fraud

GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.

Banque de France and Monetary Authority of Singapore complete post-quantum cryptography trial

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Banque de France and Monetary Authority of Singapore complete post-quantum cryptography trial

The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have completed a groundbreaking joint experiment in post-quantum cryptography (PQC) to strengthen internet communications and data transfers conducted across continents.

Central banks form steering organisation to oversee roll out of Project Nexus

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Central banks form steering organisation to oversee roll out of Project Nexus

The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, are to establish a managing entity, the Nexus Scheme Organisation (NSO), which will oversee the project in its live implementation stages, in Singapore.

Standard Chartered embeds with Wise for global remittances

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Standard Chartered embeds with Wise for global remittances

Wise has signed Tier 1 global bank Standard Chartered to use its platform for cross-border remittances in Asia and the Middle East.

BBVA to train top executives in GenAI

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BBVA to train top executives in GenAI

BBVA is creating a training programme to give its top executives a grounding in the use of GenAI to improve productivity.

NextGen: AI – Exploring the impact of generative AI in financial services

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NextGen: AI – Exploring the impact of generative AI in financial services

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore the impact of generative AI.

US regulators must take reins on fintech oversight - bank associations

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US regulators must take reins on fintech oversight - bank associations

US financial services regulators should take the reins on fintech oversight and stop expecting banks to independently police the sector, say the Bank Policy Institute and the Clearing House Association.

BNPL giant Affirm lands in the UK

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BNPL giant Affirm lands in the UK

Affirm, one of the biggest buy now, pay later platforms in North America, has launched in the UK.

Fiserv leads $150m funding round for Melio

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Fiserv leads $150m funding round for Melio

Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding round led by Fiserv.

Barclays completes Tesco Bank acquisition

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Barclays completes Tesco Bank acquisition

Barclays has completed the £600 million acquisition of Tesco Bank’s retail banking business.

VyStar Credit Union fined $1.5m over bungled online banking migration

/retail

VyStar Credit Union fined $1.5m over bungled online banking migration

Florida-based VyStar Credit Union has been hit with a $1.5 million penalty over the botched rollout of a new online banking system that saw members unable to access their accounts and money.

Wells Fargo rolls out Paze online checkout option to customers

/retail

Wells Fargo rolls out Paze online checkout option to customers

Well Fargo is the latest lender to offer Early Warning Service's Paze online checkout option to its debit and credit card customers.

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