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/security

Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

/people

Klarna board seeks to oust co-founder's ally

The board of Klarna Bank has agreed to remove Mikael Walther, a close ally of co-founder Victor Jacobsson, according to the Financial Times.

/inclusion

Remittance firm Zepz raises $267m

London-headquartered money transfer outfit Zepz has raised $267 million in a funding round led by Accel.

/crime

Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

/crime

Ecommerce fraud to exceed $100bn by 2029

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

/crypto

PayPal uses stablecoin to pay invoice

PayPal has for the first time used its proprietary PYUSD stablecoin to pay and invoice.

/inclusion

Paysend launches Paysend Libre in Mexico to reach underbanked population

In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.

/ai

Thoughtworks collaborates with Singapore AI for GenAI research

Global technology consultancy Thoughtworks has collaborated with AI Singapore to develop generative AI (GenAI) and its adoption.

/regulation

UK payments could be delayed up to three days to prevent fraud

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

/sustainable

Sustainable Finance Live 2024: 4 days to go!

Finextra’s annual Sustainable Finance Live conference will be held at Events@No6 in London next week.

/crypto

Visa launches platform to help banks issue fiat-backed tokens

Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.

/crypto

Swift preps live digital asset trials

Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network.