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/sustainable

Tehanu completes world’s first ‘interspecies money’ transfer

Africa-based startup Tehanu has completed its first ‘interspecies money’ transfer, which enables the transfer of funds through digital wallets associated with the conservation of Rwandan mountain gorillas.

/regulation

SEC charges JP Morgan affiliates $151 million

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.

/retail

Barclays completes Tesco Bank acquisition

Barclays has completed the £600 million acquisition of Tesco Bank’s retail banking business.

/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.