/security
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.
01 August 2024
/inclusion
A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.
/regulation
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.
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 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.
31 July 2024
/people
Wells Fargo has appointed a new head of technology and shunted current CIO Tracaey Kerrins to head up a newly-created Generative AI team.
In a move to help stop bank impersonation scams, Westpac has teamed with telco Optus to introduce a new verified in-app calling capability.
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
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
AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.
30 July 2024
/payments
The Bank of England is seeking input from the private sector on its roadmap for innovation in money and payments.
/retail
Santander is looking to burnish its credenttials with Gen Z, embarking on a search for talent on TikTok to create an online-native international music band.
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