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Latest Results from /retail

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CaixaBank switches on instalment payments with Apple Pay

CaixaBank has become the first financial institution in continental Europe to offer buy now, pay later services to users checking out with Apple Pay.

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Real-time payments are raising GDP and driving financial inclusion

Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide.

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Disney to the fore in new OCBC kids account

OCBC has launched a parental-controlled bank account for children between the ages of seven and 15.

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Global payments in 2024: Simpler interfaces, complex reality

Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.

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Fintech funding bucks the downward trend across Europe

Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.

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Why US fintech and banking is at an inflection point

Boston Fintech Week returned this week for its seventh instalment, welcoming industry experts and executives to a two day conference at the Federal Reserve Bank of Boston to discuss the state of banking and fintech at full throttle in the US, and explore what lies ahead.

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Wise gains direct access to Japan’s payment clearing network – Reuters

Wise has become the first foreign firm to receive approval for direct access to Japan’s bank payment clearing network Zengin.

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Climb Credit sued by CFPB for “false promises and outright lies”

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

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HSBC to accept overseas credit history for UK mortgage applications

HSBC is to make it easier for international customers with no local credit history to apply for a UK mortgage.

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Banks urged to act now to avoid future quantum catastrophe

Banking regulators have put the financial industry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

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APP fraud declines in H1; card not present cases up by 26%

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.

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UK Government consults on new rules for buy now, pay later products

The UK Government is pressing ahead with new rules designed to protect online shoppers using buy now, pay later products.