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/regulation

Thirteen top tech suppliers to banks singled out for regulatory oversight

The European Banking Authority has authorised in-depth examinations at thirteen technology suppliers deemed as providing critical services to the financial services community.

/cloud

Cloudflare outage knocks swathes of internet offline

A host of major websites and apps have been knocked offline by an outage at Cloudflare, the network and security services provider which counts many financial services firms among its clients.

/payments

Klarna to deliver first billion dollar quarter

Klarna is expected to deliver its first billion dollar quarter in Q4, driven by explosive growth in the US, soaring card uptake and improved productivity from deployed artificial intelligence.

/ai

Ramp hits $32bn valuation on latest raise

Expense management startup Ramp has seen its valuation double to $32 billion in just six months off the back of a $300 million primary financing round and an employee tender offer.

/crypto

Deutsche Börse to embed SocGen-issued stablecoins

German exchange Deutsche Börse is to embed EUR and USD CoinVertible stablecoins from Societe Generale's digital asset unit SG-Forge into its infrastructure.

/regulation

Ex-Revoluters raise $10 million for compliance startup

Condukt, an AI-based compliance startup founded by former employees of Revolut, has raised $10 million to support expansion into regulated financial services.

/security

JPMorgan Chase launches major fraud and scam prevention initiative

JPMorganChase is launching the largest fraud and scam prevention initiative in the bank’s history, including components related to consumer education, prevention, awareness and continuing investments in technology to reduce scam attacks.

/ai

Primer launches AI companion for payments teams

London-based payments and commerce infrastructure provider Primer has launched an AI agent for payments teams.

/ai

Investing.com launches AI Chart analysis

Investing.com, a provider of financial news, tools and data to retail investors, has added an AI chart analysis feature.

/markets

FCA asks court to lift consolidated tape contract suspension

The Financial Conduct Authority has filed an application with the UK's High Court to lift a suspension on a contract it awarded for a bond consolidated tape.

/payments

JPMorgan shuts down Mobility Payments business

JPMorgan is shutting down the payments business it acquired from Volkswagen in 2021 after concluding that it cannot generate a profit, according to Bloomberg.

/payments

Lloyds facing Curve shareholder rebellion over £120 million acquisition

Lloyds Banking Group has reportedly signed a £120 million deal to acquire UK digital wallet provider Curve.