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/payments

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

/predictions

Fear of fraud in instant payments shouldn’t stop progress – US Faster Payments Council

A key conflict that will undoubtedly shape progress within fintech successes throughout 2025 is the shifting innovations of instant payments and the problem of evolving fraud alongside it.

/payments

PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce giant Jumia.

/markets

Crédit Agricole to acquire Santander stake in Caceis

Crédit Agricole SA will continue to strengthen Caceis’ position as one of the major European players in asset servicing, supporting its clients’ business development objectives.

/payments

Chargeback platform Justt raises $30 million

Chargeback management firm Justt has secured a $30 million Series C round to fund global expansion.

/sustainable

Sustainability-linked bonds see a drop in issuance – AFME ESG Report

The Association for Financial Markets in Europe (AFME) has released its ESG report for the third quarter of 2024, seeing key developments in the ESG finance space.

/retail

Chime files for IPO

Digital-first mobile bank Chime Financial has reportedly filed for an IPO, according to sources cited by Bloomberg.

/ai

Former UBS investment analyst unveils voice cloned AI education tool

Geoff Robinson, a former UBS investment analyst, has launched an educational app that uses his digitally cloned voice and AI-generated expertise to help self-directed investors lean on his experience.

/retail

UK neobank app downloads surpass legacy banks for the first time

A new analysis of finance, fintech and crypto apps on the Google Play Store by SplitMetrics, has found that UK neobanks have surpassed UK legacy banks in terms of app downloads for the very first time ahead of the festive season.

/payments

New Zealand reduces merchant service fees for card payments

New Zealand's Commerce Commission has issued a draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments.

/ai

Google Cloud predicts four ways that GenAI will transform financial services

The next year will see an industry tipping point for AI innovation in the financial sector, says Zac Maufe, global head of regulated industries at Google Cloud.

/crypto

Temenos banks can now launch digital asset services "within days" following integration with Taurus

Digital asset infrastructure firm Taurus has fully integrated with fellow Swiss vendor Temenos, enabling banks to create and manage crypto wallets as well as transfer a wide range of digital assets directly from within their installed core banking software.