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Payoneer buys payroll firm Skuad

/payments

Payoneer buys payroll firm Skuad

Cross-border payments firm Payoneer has acquired Singapore-based workforce and payroll management outfit Skuad for $61 million in cash.

CFTC orders FTX to pay customers $12.7 billion

/crypto

CFTC orders FTX to pay customers $12.7 billion

FTX has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.

Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

/sustainable

Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

Leading up to Sustainable Finance Live 2024, that will be taking place on 8 October at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and keynote speaker at the event, conducted an interview with FinextraTV on the impact of biodiversity in the Nordics.

ClearBank secures Dutch banking license

/retail

ClearBank secures Dutch banking license

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

NerdWallet cuts workforce by 15%

/retail

NerdWallet cuts workforce by 15%

US personal finance outfit NerdWallet is reducing the size of its 730-strong full-time workforce by about 15% as part of a restructuring plan to slash operating expenses.

Australia moves one step closer to roll out of Confirmation of Payee

/security

Australia moves one step closer to roll out of Confirmation of Payee

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.

Google integrates Greenlight card into smartwatch for kids

/payments

Google integrates Greenlight card into smartwatch for kids

Users of Google's new kid-focused smartwatch will be able to connect a debit card from Greenlight Financial Technology for contactless payments.

MUFG invests $393m in Filipino fintech Mynt

/inclusion

MUFG invests $393m in Filipino fintech Mynt

Philippines-based mobile payment and credit service Mynt has seen its valuation soar to $5 billion after Japan's MUFG and local investor Ayala each pumped $393 million into the GCash wallet operator.

CommBank to equip all staff with AI training modules

/ai

CommBank to equip all staff with AI training modules

Commonwealth Bank of Australia is rolling out an AI microlearning series to all employees.

Royal Mint turns waste into gold

/retail

Royal Mint turns waste into gold

The UK's Royal Mint has set up an industrial plant to extract gold from discarded circuit boards.

X working on 'payments' button

/payments

X working on 'payments' button

Social network X could be close to adding a payments button as it builds towards Elon Musk’s ambitions of transforming the platform into an "everything app" where users can conduct their "entire financial life".

US fintech Octane raises $50m

/retail

US fintech Octane raises $50m

Octane, a fintech focussed on enabling "major recreational purchases", has raised $50 million in a Series E funding round.

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