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/people

Lloyds hires AWS exec to head up new AI and analytics unit

Lloyds Banking Group has hired an executive from Amazon Web Services as its first director of artificial intelligence andd analytics.

/crypto

Next Generation and Decta collaborate on euro stablecoin project

French startup Next Generation has revived a euro-pegged stablecoin, EURT, that was suspended in 2017 due to a lack of regulatory frameworks.

/security

NPCI cuts off hundreds of banks over IT vendor ransomware attack

More than 200 cooperative and regional rural banks were briefly cut off from India's retail payments system last week by the National Payments Corporation of India (NPCI) amid concerns that C-Edge Technologies had been hit by a ransomware attack.

/markets

SME Finance Taskforce announces plan boost UK economic growth

The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

/retail

Freetrade pulls out of Swedish market

Freetrade has announced it is leaving the Swedish market to focus its resources on UK self-directed investment market.

/sustainable

Sustainable Finance Live 2024: Speaking to Oxbury Bank

Sustainable Finance Live 2024 kicks off on 8th October at Events@No6 in London.

/people

Finextra is getting a new look!

We’re excited to go live with Finextra’s new website next week.

/inclusion

Mexican fintech Aviva raises $5.5m

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

/retail

ZA Bank measures customers' financial fitness with 'Walk to Earn' campaign

Hong Kong's ZA Bank is taking financial fitness to a new level with the roll out of a 'Walk to Earn' programme for bonus savings rates.

/startups

Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

/payments

ECB invites industry experts to advise on offline deployment of digital euro

The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.

/security

PSR stands firm over reimbursement model for APP fraud

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.