/retail
Mortgage technology outfit Twenty7tec has bagged £16.5 million from the Business growth Fund (BGF) to drive growth and expansion within the UK.
10 September 2024
/payments
B2B buy now, pay later platform PastPay has raised €12 million in a Series A funding round led by Platina Capital and supported by a number of financial institutions.
Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.
/startups
IN1, a financial management app for fiat and crypto currencies, has raised $6 million in seed funding.
The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.
09 September 2024
/security
Lloyds Bank has established an industry working group, working with Chargebacks911 and other payment platforms, to report known fake websites when they arise and block transactions.
/regulation
Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners.
Klarna Bank has been upbraided by the Swedish Financial Supervisory Authority for failing to adequately deal with money laundering risks.
/wholesale
The Bank of London was handed a winding up order by UK tax authorities over unpaid bills just days after founder Anthony Watson stepped down as CEO.
Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.
The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.
06 September 2024
/ai
UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.
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