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/people

Monzo COO Bhatia steps down

Monzo chief operating officer Sujata Bhatia is leaving after five years at the the UK digital bank.

/regulation

JPMorgan Chase CEO calls for Washington to rethink financial regulations

During a meeting with Republican lawmakers and other top bank CEOs on whether big lenders are ‘debanking’ certain customers, JPMorgan Chase CEO Jamie Dimon emphasised the need to step back and reassess the financial regulations governing the banking industry.

/people

HSBC to make investment banking job cuts starting in Asia - Bloomberg

HSBC Holdings Plc is set to initiate a new round of job cuts in it’s investment banking division, marking a continued restructuring to streamline operations and reduce costs under CEO Georges Elhedery.

/payments

Zepz to axe 200 jobs - CNBC

London-headquartered money transfer outfit Zepz is laying off around 200 employees, according to CNBC.

/ai

Mastercard launches AI-powered AML service in Asia Pacific

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

/payments

NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

Give the future of payments the green light at the Münchenbryggeriet in Stockholm, Sweden on 29 April 2025 where the stage will be set for a transformative shift in financial services. NextGen Nordics will gather core decision-makers, stakeholders, and experts within the payments sector to focus on digital resilience, advanced technologies, regulatory frameworks, and set a course of action for the financial ecosystem of tomorrow.

/people

Commerzbank to cut 3900 jobs

Commerzbank is to cut 3900 jobs over the next two years as it strives to slash costs and drive profits in the face of a hostile takeover bid by italy's Unicredit.

/markets

EToro files for IPO

Israeli multi-asset investment platform eToro has confirmed a filing for an IPO on Wall Street.

/wholesale

Citi and PayPal join $18.5 million round in Finmo

The venture arms of Citi and PayPal have joined with Quona Capital to support an $18.5 million investment round in treasury operating system Finmo.

/identity

OneID scoops new funding from ACF Investors

OneID, the UK’s only provider of bank-verified digital identification services, has secured new funding led by ACF Investors.

/wholesale

Danish fintech Ageras buys Storebuddy

Danish accounting, admin and banking fintech Ageras has bought payment reconciliation software provider Storebuddy. Financial terms were not disclosed.

/payments

Citi Flex Pay comes to Apple Pay

Citi is bringing buy now, pay later to Apple Pay, enabling card holders to split purchases into fixed monthly payments.