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/regulation

VyStar Credit Union fined $1.5m over bungled online banking migration

Florida-based VyStar Credit Union has been hit with a $1.5 million penalty over the botched rollout of a new online banking system that saw members unable to access their accounts and money.

/payments

Wells Fargo rolls out Paze online checkout option to customers

Well Fargo is the latest lender to offer Early Warning Service's Paze online checkout option to its debit and credit card customers.

/ai

Commbank comes clean over energy and water consumption for AI

Commonwealth Bank of Australia has clarified comments made by the bank's chairman at its general meeting over the use of renewable power sources and water to support its AI models.

/identity

Deutsche Bank invests in ID security firm Akeyless

Deutsche Bank's Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless. Terms were not disclosed.

/payments

Airwallex in talks on funding at $6bn valuation - report

Singapore-based payments firm Airwallex is in talks to raise $200 million at a $6 billion valuation, according to Bloomberg.

/security

Confirmation of Payee reaches almost all transactions in the UK

Confirmation of Payee in the UK has been extended to cover almost 99% of all transactions made through Faster Payments and Chaps after more financial firms implemented the fraud-fighting protocol.

/payments

ECB invites call for interest on the role of conditional payments in digital euro project

The European Central bank has launched a call for expressions of interest in innovation partnerships for the digital euro.

/security

Starling Bank bids to curtail bank impersonation scams with in-app call status feature

Starling Bank has launched an in-app call indicator to protect customers from bank impersonation scams.

/payments

Klarna inks global deal with Worldpay

BNPL provider Klarna has struck a deal become a default payment offering to Worldpay merchants around the world.

/people

Following data breach, MoneyGram replaces CEO

Weeks after it suffered a major cyberattack, MoneyGram has replaced CEO Alex Holmes with Walmart executive Anthony Soohoo.

/regulation

NCino to buy FullCircl for $135m

Banking technology vendor nCino has struck a definitive agreement to acquire UK-based SaaS regtech platform FullCircl for $135 million in cash.

/ai

Mastercard rolls out first of a suite of GenAI assistants

Mastercard has launched a GenAI-based digital assistant designed to speed up customer onboarding.