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Afin Bank secures licence to serve African diaspora in the UK

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Afin Bank secures licence to serve African diaspora in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.

Stripe to pay $1.1bn for stablecoin platform Bridge

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Stripe to pay $1.1bn for stablecoin platform Bridge

Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1 billion.

US moves to 'open banking' with Personal Financial Data Rights final rule

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US moves to 'open banking' with Personal Financial Data Rights final rule

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.

Europe's Target Settlement system to join cross-border instant payment project

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Europe's Target Settlement system to join cross-border instant payment project

Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.

LatAm payment startup Akua lands $4.3 million seed investment

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LatAm payment startup Akua lands $4.3 million seed investment

Akua, a Latin American payments startup founded by former executives at Mastercard, dLocal, PayU, Jeeves and Pomelo, has secured a $4.3 million seed investment led by Propel and supported by Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures.

E-ID firm Authologic raises $8.2 million Series A

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E-ID firm Authologic raises $8.2 million Series A

Polish identity verification vendor Authologic has closed on an $8.2 million Series A funding round.

AFP: Does the US need Faster Payments?

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AFP: Does the US need Faster Payments?

How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.

Santander launches Openbank digital brand in the US

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Santander launches Openbank digital brand in the US

Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.

Central banks ponder the risks of tokenisation

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Central banks ponder the risks of tokenisation

Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.

Mastercard unveils open banking 'command centre'

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Mastercard unveils open banking 'command centre'

Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.

Sibos: PBoC to promote the ‘healthy development of cross-border payments’

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Sibos: PBoC to promote the ‘healthy development of cross-border payments’

“The People’s Bank of China (PBoC) will continue to promote healthy development of cross border payment in the principles of openness, cooperation and mutual benefit,” said Lu Lei, deputy governor, The People's Bank of China, during the Sibos’s opening plenary.

Fintech association sues CFPB over BNPL rule

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Fintech association sues CFPB over BNPL rule

The Financial Technology Association (FTA) has filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) new buy now, pay later rules.

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