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/payments

Tap on phone startup Klearly raises €6 million seed round

Dutch in-person payment startup Klearly has raised a €6 million seed round to expand into new European markets.

/crypto

Stablecoins could rival cards - Fed payments expert

Stablecoins are going mainstream and could grow to rival credit and debit cards, predicts a payments expert at the Atlanta Fed.

/ai

Nevermined raises $4m to build 'PayPal for AI'

Nevermined, a startup building payments infrastructure for AI-to-AI transactions, has raised $4 million in funding.

/payments

Bank of England and NYDFS swap staff with expertise in emerging payments and digital assets

The Bank of England and New York's Department of Financial Services have reached a resource sharing agreement involving the exchange of senior staff with expertise in emerging payments and digital assets.

/crypto

Intesa Sanpaolo buys bitcoin

Italian bank Intesa Sanpaolo has made its first cryptocurrency purchase, buying 1 million euros worth of bitcoin.

/payments

JP Morgan unveils biometric payment terminals

JP Morgan has unveiled two proprietary biometric-enabled in-store payment terminals that will be offered to retailers later this year.

/wealth

Revolut plots push into private banking

Revolut is planning to move into the private banking market, expanding its service suite beyond the retail sector to cater for the needs of high net worth individuals.

/payments

Bank of England to launch Digital Pound Lab

The Bank of England is to launch a Digital Pound Lab as it sets out its blueprint for the design phase of a future Britcoin.

/payments

Financial platform for immigrants, LemFi, raises $53 million

LemFi, a financial services platform for immigrant communities, has raised $53 million in a Series B funding round led by Highland Capital.

/crypto

Sygnum hits unicorn status on $58 million capital raise

Swiss digital asset banking firm Sygnum has achieved unicorn status on a $58 million funding round.

/retail

Intelligent Lending acquires TotallyMoney

Manchester-based Intelligent Lending has acquired credit scoring and personal finance app TotallyMoney.

/regulation

Robinhood to pay $45 million over multiple regulatory failures

Robinhood is to pay $45 million to settle a range of SEC charges against its brokerage operations.