/payments
Card issuance and programme management platform Highnote is moving into US merchant acquiring after raising $90 million in Series B funding.
1 hour
/retail
UK building society Nationwide is reporting an uptick in ATM cash withdrawals for the third year in a row as Brits turn to notes and coins to help with budgeting at a time the cost of living remains high.
/startups
Qomodo, an Italian startup that helps physical merchants offer their customers BNPL payment options, has raised €13.5 million in Series A funding.
/ai
Royal Bank of Canada has teamed with AI vendor Cohere to co-develop a security and data privacy application using generative AI.
/people
Stripe has laid off around 300 employees, 3.5% of its workforce, according to Business Insider.
5 hours
/crypto
Crypto firm Circle Internet Group has acquired Hashnote, the issuer of US Yield Coin (USYC), the largest tokenised treasury and money market fund in the world.
8 hours
Nationwide Building Society is to expand its use of Generative AI, after reporting a successful first implementation with Microsoft.
11 hours
As Monzo makes preliminary plans to go public, the UK digital challenger bank's CEO and board are reportedly at odds over whether to list in London or New York.
12 hours
Egyptian payments platform MoneyHash has secured $5.2 million in pre-Series A funding to target emerging markets globally.
14 hours
Standard Chartered has launched SC PrismFX, a broad suite of foreign exchange and payment services tailored to the specific needs of banks, PayTech's and corporate clients.
London-based fintech myPOS has made its first acquisition, snappping up French cash register company Toporder.
16 hours
UK bank Barclays is shuttering its decade-old fintech accelerator programme, Rise.
21 January 2025
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