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/crypto

Coinbase makes superapp play

Crypto platform Coinbase has rebranded its Wallet app as Base, consolidating payments, trading, chat and social features into a single, blockchain-based 'superapp'.

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

/crypto

Trump expected to sign stablecoin regulation Genius Act into law

This week, the US House of Representatives also passed the Clarity Act and Anti-CBDC Surveillance State Act.

/regulation

FCA sets out BNPL oversight proposals

The UK's Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

/ai

OpenAI tests in-chat payment checkout system

OpenAI is planning to integrate a payment checkout system into ChatGPT in a bid to boost revenues, according to the Financial Times.

/people

AIB promotes CTO to COO amid tech reorganisation

Graham Fagan has been named as the new chief operating officer (COO) at Irish bank AIB.

/markets

Wise shares fall after Q1 earnings miss analysts' forecast

UK fintech Wise is counting the cost of falling short of analysts' expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.

/startups

French startup Spiko raises $22m

Paris-based fintech Spiko has pulled in $22m after completing a series A funding round.

/wholesale

US Bank completes first fully digital trade finance transaction

US Bank has completed its first trade finance collection transaction using the WaveBL electronic trade documentation platform.

/ai

Anthropic unveils Claude for Financial Services

Anthropic, the AI startup backed by Amazon and Google, has launched a tool to help finance professionals analyse markets, conduct research, and make investment decisions with its Claude models.

/regulation

Barclays fined £42m over money laundering risk failures

Barclays Bank has been fined £42 million by the Financial Conduct Authority for two cases of "poor handling" of money laundering risks.

/payments

Activist investor builds stake in Global Payments

Global Payments shares rose on Wednesday after media reports that activist investor Elliott Management has built up a stake in the fintech.