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/regulation

Asic sues ASX over failed clearing house replacement system

Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.

/retail

HSBC joins Open Property Data Association

HSBC is the latest UK high street bank to join the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.

/ai

Monzo offers 'do's and don'ts' for using AI in job applications

With AI tools such as ChatGPT now firmly embedded in the mainstream, Monzo has put together a list of 'Do's and don'ts' for using the technology when applying for a job with the digital bank.

/security

Cybercriminal J.P.Morgan brought to justice

A prolific cybercriminal operating under the online monicker J.P.Morgan has been arrested following a co-ordinated international police investigation.

/regulation

Russia cancels AmEx subsidiary's banking licence

Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.

/retail

Mastercard taps open banking for streamlined lending

Mastercard has boosted its open banking programme, making it easier for Americans to secure loans by streamlining income and employment verification processes.

/payments

Monzo outage hits customer payments

Thousands of Monzo customers were left unable to make payments on Tuesday thanks to a technical problem with the digital bank's app.

/retail

Tally, a credit card debt fintech last valued at $855 million, shuts up shop

Credit card debt payoff platfom Tally is shutting down after a nine-year timeframe that saw it raise $172 million in venture funding.

/payments

Wise targets huge Indian remittance market

Money transfer fintech Wise is set to take on India's banks in the country's $32 billion remittance market after securing a new licence from the RBI.

/crypto

Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

/wholesale

Tencent dumps stake in UK fintech Tide

Chinese tech giant Tencent has sold its 14% stake in British business banking platform Tide, according to the Telegraph.

/sustainable

Standard Chartered links interest rates and fees to clients' ESG performance

Standard Chartered has launched a new ESG-linked Cash Account for corporate banking clients that rewards them for meeting material environmental, social and governance related targets.