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/crypto

FCA takes next steps in developing regulated crypto regime

The UK's Financial Conduct Authority has set out its latest steps to improve the integrity of the UK's crypto market.

/retail

Current raises $200 million to fast-track profitability

US personal finance app Current is aiming for profitability in 2025, raking in $200 million in fresh capital after reporting a 90% increase in revenue over the past year.

/security

Australian regulator sues HSBC for failing to protect customers from scams

The Australian Securities and Investment Commission (Asic) is suing HSBC for failing to adequately protect customers scammed out of millions of dollars.

/wholesale

SocGen completes repo transaction on public blockchain

Societe Generale has carried out a collateralised market transaction fully executed on blockchain with France's central bank.

/regulation

UK regulator PSR plans cap on cross-border card fees

The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.

/ai

Thoughtworks partners with AWS to accelerate generative AI adoption

Thoughtworks, a global technology consultancy, has entered into a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help enterprises implement generative AI (GenAI) solutions and tackle industry challenges in Asia Pacific.

/payments

Why financial technology can make global payments a frictionless process

Both consumers and businesses, as technology has developed, have begun to rely on global payment services for a variety of uses. As the process becomes more and more digitised, fintech firms are focussed on better speeds and transparency whilst remaining just as, if not more, secure.

/payments

10 trends that will impact payments in 2025, according to Mastercard

In this preview of a Mastercard report being released in early 2025, leaders at the card processer say that generative AI is emerging as critical to boosting fraud protection rates by as much as 300%.

/sustainable

Hong Kong launches roadmap for sustainability reporting

The Hong Kong government has revealed a roadmap to implement International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across public entities by 2028.

/sustainable

Triodos Bank announces BNG private sector loan to finance nature restoration

Triodos Bank made the first biodiversity net gain (BNG) unit model private sector loan this week.

/crypto

Standard Chartered inks reserve management deal for Paxos stablecoins

Standard Chartered has agreed a deal to provide cash management, trading, and custody services for Paxos stablecoins.

/payments

Visa Direct to deliver faster bank transfers in a minute or less

Visa Direct will soon ensure that funds transferred to US bank accounts will be available within a minute or less.