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/markets

Regulators haul ASX over the coals following batch settlement breakdown

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (Asic) have expressed grave concerns about the management of operational risk at the country's leading stock exchange following a batch settlement failure in December last year.

/security

Fraudsters turning to encrypted messaging platforms to scam users Revolut warns

Revolut reports that fraud originating from WhatsApp and Telegram now accounts for well over a third of reported scams (39%), as criminals are increasingly turning to encrypted messaging services to exploit victims.

/sustainable

Sustainability fintech WeeFin raises €25 million

WeeFin, a fintech that helps financial institutions manage their sustainability strategies, has completed a €25m financing round Series B, led by Blackfin Capital Partners.

/devops

Experian doubles innovation office space in India

Experian has significantly expanded its Global Innovation Centre (GIC) in Hyderabad, doubling its office space.

/payments

Wearable UK tipping app launches

UK startup thankyü has unveiled an app that lets customers tip hospitality staffers with a tap of their phone against a wearable tipping band.

/payments

Mastercard brings embedded virtual card tech to commercial payments

Mastercard is launching a programme designed to bring embedded virtual card technology to commercial payments.

/retail

10x opens exploratory talks over possible sale

Former Barclays chief Antony Jenkins is reportedly weighing a sale of 10x, the core banking startup he founded almost a decade ago.

/regulation

FDIC says banks don't need prior approval for crypto activities

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

/retail

UK to raise deposit protection limit to £110,000

The Prudential Regulation Authority (PRA) is proposing to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000.

/crypto

Ziglu launches Crypto on Card

Ziglu, the UK-based digital banking and crypto platform, has launched Crypto on Card, a new feature enabling customers to spend their cryptocurrency in real-world transactions using their Ziglu debit card.

/payments

European payment schemes turn on instant cross-border money transfers

The European Payment Alliance is beginning the switch to instant cross-border payments between mobile transfer schemes Bancomat, Bizum, MB Way and Iberia's Sibs, enabling users in Italy, Portugal, Spain and Andorra to send and receive money instantly to mobile phone numbers.

/markets

PrimaryBid in talks over discounted sale

Retail investment platform PrimaryBid is in talks with several financial institutions and investors about a possible takeover.