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Bank of Ireland warns of worrying surge in investment scams

/security

Bank of Ireland warns of worrying surge in investment scams

Bank of Ireland is warning of a surge in investment fraud, describing it as the most concerning trend in evolving scam tactics.

B2B emerging markets payment platform Waza comes out of stealth with $8 million funding

/startups

B2B emerging markets payment platform Waza comes out of stealth with $8 million funding

Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.

Mastercard to cut around 1000 jobs - Bloomberg

/payments

Mastercard to cut around 1000 jobs - Bloomberg

Payments firm Mastercard intends to cut its 33,400-strong workforce by three per cent, according to Bloomberg.

Revolut hits $45bn valuation in secondary share sale

/retail

Revolut hits $45bn valuation in secondary share sale

Revolut has secured a $45 billion valuation in a secondary share sale with new and existing investors.

Deutsche Bank's Postbank settlement rejected by plaintiffs - Reuters

/retail

Deutsche Bank's Postbank settlement rejected by plaintiffs - Reuters

Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.

NatWest added to Texas energy ban

/regulation

NatWest added to Texas energy ban

Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.

Sustainable Finance Live 2024: Using AI technology to drive sustainable solutions

/sustainable

Sustainable Finance Live 2024: Using AI technology to drive sustainable solutions

IBM announced its joint endeavor with WWF Germany to use AI spatial capturing technology to enhance elephant tracking in Africa. This technology will be able to support conservation of African elephants, which can increase carbon storage in their forest habitats.

PSR sets out next steps for variable recurring payments in the UK

/payments

PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

Stablecoin-to-fiat money transfer app Sling Money raises $15m

/startups

Stablecoin-to-fiat money transfer app Sling Money raises $15m

Sling Money, which combines stablecoin technology with fiat payment rails for instant money transfers, has raised $15 million in Series A funding.

Communify acquires Fincentric from S&P Global

/markets

Communify acquires Fincentric from S&P Global

Wealthtech entrepreneur John Wise and PE firm Stellex Capital Management have acquired S&P Global’s Fincentric business with a view to providing digital experiences and financial data distribution to the wealth, broking and asset management industries.

Klarna takes on banks with new 'account' for storing funds

/payments

Klarna takes on banks with new 'account' for storing funds

Klarna is rolling out an "account" where customers can store money and cashback rewards as the Swedish fintech continues to diversify beyond its BNPL roots into more traditional retail banking services.

UK challenger banks beat incumbents all-hands down in CMA awards

/retail

UK challenger banks beat incumbents all-hands down in CMA awards

UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.

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