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Chase to restrict Zelle payments stemming from social media

/payments

Chase to restrict Zelle payments stemming from social media

Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.

ECB investigates settlement of DLT-based transactions in central bank money

/wholesale

ECB investigates settlement of DLT-based transactions in central bank money

The European Central Bank is looking into how to settle distributed ledger technology-based transactions in fiat money.

SEC creates Cyber and Emerging Technologies Unit

/regulation

SEC creates Cyber and Emerging Technologies Unit

The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.

Revolut doubles down on hybrid working

/people

Revolut doubles down on hybrid working

Revolut may be preparing to move into a new HQ in London's Canary Wharf, but the fintech is staying true to its pledge to allow employees to continue to work from home.

Varo closes on $29 million capital raise

/retail

Varo closes on $29 million capital raise

US digital bank has closed on $29 million in funding as part of an investment round targeting a $55 million raise.

Compliance professionals split over value of AI

/ai

Compliance professionals split over value of AI

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

CommBank's x15Ventures invests in Xccelerate winner Gable

/devops

CommBank's x15Ventures invests in Xccelerate winner Gable

CommBank's venture scaling arm x15Ventures has invested in Seattle-based data management startup Gable, which emerged as the winner from a field of fintechs participating in its latest Xccelerate24 programme.

Singapore records surge in mobile wallet scams

/security

Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

Apple and Google to face UK digital wallet competition scrutiny

/regulation

Apple and Google to face UK digital wallet competition scrutiny

Amid industry concerns about the dominance of Big Tech in the provision of digital wallets, UK financial regulators say they will take a back seat and support the country's Competition and Markets Authority in its wider investigations into Apple and Google’s mobile ecosystems.

Ex-Kuda exec alleges sex discrimination and unfair dismissal

/people

Ex-Kuda exec alleges sex discrimination and unfair dismissal

A former executive at African digital bank Kuda has filed a case with the UK Employment Tribunal accusing the firm and CEO Babatunde Ogundeyi of sex discrimination, victimisation, and unfair dismissal.

Mastercard rolls out One Credential for multiple scheduled checkout choices

/payments

Mastercard rolls out One Credential for multiple scheduled checkout choices

Mastercard is launching One Credential, a single digitally connected credential that provides consumers and businesses with a multitude of scheduled payment options spanning debit, installments, prepaid and credit.

Shift4 to acquire Global Blue for $2.5 billion

/payments

Shift4 to acquire Global Blue for $2.5 billion

Shift4 is to acquire Global Blue, a payments and technology provider to luxury brands, for $2.5 billion.

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