/retail
Nine of the top banks and building societies operating in the UK accumulated at least 803 hours - the equivalent of more than 33 days - of tech outages in the last two years, new data published by the Treasury Committee shows.
06 March 2025
/crime
The Centre for Finance, Innovation and Technology (CFIT) has unveiled plans for a digital company ID that it says could help slash fraud and save British businesses billions of pounds every year.
/security
With work on quantum computing gaining momentum, the Financial Services Information Sharing and Analysis Center (FS-ISAC) has issued guidance to help the payment card industry mitigate risks posed by the technology.
/ai
Startup Grain has raised over $50 million to launch an AI-driven foreign exchange optimisation and hedging platform.
/startups
Flex, a fintech that helps business owners automate their back offices, has raised $25 million in an equity round led by Titanium Ventures.
05 March 2025
/payments
HSBC is teaming up with B2B payments and invoicing network TreviPay to boost the digital purchasing experiences for businesses by offering flexible payment options and financing at the point of sale.
PayPal scammers are using an old Docusign trick to enhance the trustworthiness of their phishing emails.
Money launderers and their mules are switching away from current accounts to savings accounts in a bid to bypass stringent bank checks brought about by APP reimbursement rules and AI-based anti-fraud tools.
/crypto
Stablecoin payments infrastructure firm BVNK has launched an embedded wallet that unifies fiat and stablecoin payments globally.
/regulation
The Consumer Financial Protection Bureau has dropped a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo which had accused the banks of allowing fraud to "fester" on P2P payments platform Zelle.
Trust2Connect (T2C), a startup founded by former Equifax executives, has unveiled an AI-driven Know Your Business platform to streamline B2B verification, accelerate account openings, and mitigate payment risks.
Lloyds Banking Group is opening applications for this year's 'Launch Innovation' programme to discover potential business partnerships.
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