/crypto
The Bank of Israel has assembled 14 teams from the private sector, the public sector, and academia to study potential use case for a digital shekel.
24 July 2024
/regulation
Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules from the Financial Conduct Authority (FCA).
/retail
UK challenger bank Monzo is further diversifying its product range with the launch of a new pension conolidation product that tracks down old pensions and brings them into one fund in the Monzo app.
Italy's UniCredit has entered into a binding agreement to acquire the entire share capital of European Banking-as-a-Service platform Vodeno and Belgian digital bank Aion.
/payments
The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.
The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.
Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.
More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.
23 July 2024
Nationwide Building Society has followed in the footsteps of Lloyds Banking Group by joining the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.
Smart money app Plum has raised £13.4m in funding from institutional investors and an additional £2.7 million from a crowdfunding campaign.
The Brazilian central bank has pushed back the addition of recurring payments to its Pix platform from October until next June.
Australian stablecoin payment startup Stables has launched in Europe with a Mastercard virtual card.
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