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/payments

UK lays the groundwork for open finance era with completion of open banking Roadmap

The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.

/security

Lloyds sets up anti-scam working group to tackle fake websites

Lloyds Bank has established an industry working group, working with Chargebacks911 and other payment platforms, to report known fake websites when they arise and block transactions.

/regulation

Mirrorweb raises $63 million as regulators clamp down on off-channel record keeping

Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners.

/regulation

Klarna Bank criticised by FSA over money laundering risks

Klarna Bank has been upbraided by the Swedish Financial Supervisory Authority for failing to adequately deal with money laundering risks.

/wholesale

The Bank of London scrambles to deal with unpaid tax bill

The Bank of London was handed a winding up order by UK tax authorities over unpaid bills just days after founder Anthony Watson stepped down as CEO.

/payments

Brazil preps new round of CBDC pilots

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

/regulation

FDIC hints at new bank reconcilement rules following Synapse failure

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

/ai

Governments sign up to Council of Europe AI Framework Convention

UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.

/sustainable

Sustainable Finance Live 2024: Bank of Spain releases report on satellite data

The Bank of Spain has recently released a report outlining the potential of satellite data to make a difference in collecting climate-related data.

/people

Santander Spain appoints new CEO Ignacio Juliá

Ignacio Juliá, formerly CEO of ING for Spain and Portugal, is to be appointed as CEO of Santander Spain.

/crypto

Binance Kazakhstan gains consent for full regulatory license

Binance Kazakhstan has been granted consent for a full regulatory licence from Astana Financial Services Authority (AFSA).

/payments

PayPal revamps app to offer choice rewards programme

PayPal is rolling out a new rewards programme and more personalised ways for users to manage their spending in a major revamp designed to give consumers a smart choice for every purchase, every time.