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Citi reports growing convergence of traditional and digital assets

/crypto

Citi reports growing convergence of traditional and digital assets

The move to shorter settlement cycles and increasing regulatory clarity is leading to an accelerating convergence between traditional and digital assets, reports Citi.

Nationwide prepares for surging digital volumes with Red Hat OpenShift deployment

/devops

Nationwide prepares for surging digital volumes with Red Hat OpenShift deployment

Nationwide Building Society has built a new Business Integration Platform utilising Red Hat OpenShift to achieve service availability of 99.999% and faster deployment of upgrades and launches.

Revolut doubles down on B2B market opportunity

/wholesale

Revolut doubles down on B2B market opportunity

Revolut's head of business says the fintech is 'agressively doubling down" on the B2B market as annual revenues at the unit surpass $500 million.

PSR to cut APP reimbursement limit to £85,000

/security

PSR to cut APP reimbursement limit to £85,000

In the face of growing government and industry pressure, the UK's Payment Systems Regulator is set to bow to demands to reduce the reimbursement limit offered by banks to victims of authorised push payment fraud from £415,000 to just £85,000.

Mastercard and Visa to face multi-billion pound lawsuit over interchange fees on UK businesses

/payments

Mastercard and Visa to face multi-billion pound lawsuit over interchange fees on UK businesses

The UK's Competition Appeals Tribunal has given the go-ahead for a $4 billion class action lawsuit brought by UK businesses over Mastercard and Visa multilateral interchange fees.

Morgan Stanley invests in 3forge

/devops

Morgan Stanley invests in 3forge

Morgan Stanley has made a strategic investment in 3Forge, a provider of code platforms for building mission-critical applications in financial services.

Lloyds to use AI to automate trade finance checks

/ai

Lloyds to use AI to automate trade finance checks

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

UAE payments fintech Ziina scores $22 million Series A

/startups

UAE payments fintech Ziina scores $22 million Series A

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

Danish family finance app MyMonii shuts up shop

/retail

Danish family finance app MyMonii shuts up shop

Family-focussed financial services app MyMonii is the latest fintech to bite the dust.

Axway acquires Sopra Banking Software

/retail

Axway acquires Sopra Banking Software

Axway has acquired core banking vendor Sopra Banking Software in a €330 million deal.

“Saving patient zero”: Blackwired's new approach to cybersecurity

/security

“Saving patient zero”: Blackwired's new approach to cybersecurity

Cyber risk has advanced to be the number one risk to the global economy.

Tarabut acquires UK-based A2A payments platform Vyne

/payments

Tarabut acquires UK-based A2A payments platform Vyne

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

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