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/retail

HSBC writes off Monese stake

HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech.

/security

UK Post Office axes MoneyGram services in wake of cyber attack

The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

/wholesale

ANZ joins MAS-led asset tokenisation project

ANZ is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian initiative to explore asset tokenisation applications.

/payments

Wells Fargo and Fiserv end merchant acquiring JV

Wells Fargo and Fiserv will end their long-running merchant acquiring joint venture next year.

/crypto

Man pleads guilty to illegally operating crypto ATM network

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.

/regulation

FCA and BoE open digital securities sandbox

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

/security

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

/wholesale

Qonto announces European expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal and the Netherlands as part of a European expansion plan.

/people

Australia launches initiative to address tech talent shortage

The Tech Council of Australia (TCA) has launched a initiative designed to address the battle for tech talent.

/ai

Blackstone to build £10bn AI data centre in UK

Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.

/payments

Trinidad and Tobago to roll out India's UPI payments tech

Trinidad and Tobago is the latest country to sign up with NPCI International Payments for the development of a real-time payments system based on India's UPI.

/markets

UK ready to make 2027 T+1 switch without EU

The UK will push ahead with the move to a T+1 settlement cycle for securities trades by the end of 2027, regardless of whether the European Union makes the switch at the same time.