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/startups

Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

/payments

ECB invites industry experts to advise on offline deployment of digital euro

The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.

/security

PSR stands firm over reimbursement model for APP fraud

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

/inclusion

New US-Mexico payments pathway will tap rural community banks

A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.

/regulation

BofE and BIS develop tech to monitor stablecoin reserves

The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.

/security

Singapore warns of uptick in impersonation scams

Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks $10.6 million in June alone.

/markets

SIX Swiss Exchange resumes trading following tech breakdown

SIX Swiss Exchange is to resume trading from 14.30 after technical problems forced the market operator to twice suspended trading in stocks, bonds, and exchange-traded funds.

/people

Tech leadership change at Wells Fargo sees Kerrins take up new Gen AI role

Wells Fargo has appointed a new head of technology and shunted current CIO Tracaey Kerrins to head up a newly-created Generative AI team.

/security

Westpac battles impersonation scams with 'SafeCall'

In a move to help stop bank impersonation scams, Westpac has teamed with telco Optus to introduce a new verified in-app calling capability.

/inclusion

Ghana pilots blockchain-based credentials and CBDC for global trade

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

/startups

Deutsche Börse invests in capital markets fintech Primary Portal

Primary Portal, a digital platform that aggregates and digitises equity capital market processes for banks and asset managers, has completed the first stage of its £7.5 million Series A funding round led by the venture capital arm of Deutsche Börse.

/ai

ThetaRay boosts AI financial crime detection with Screena acquisition

AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.