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Afin Bank secures licence to serve African diaspora in the UK

/startups

Afin Bank secures licence to serve African diaspora in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.

Sibos: CBDC case studies in China, Kazakhstan, the Bahamas, and Europe

/Sibos

Sibos: CBDC case studies in China, Kazakhstan, the Bahamas, and Europe

On the second day of Sibos, Benedicte Nolens, centre head of the BIS Innovation Hub moderated the session ‘Reality check: How far have CBDCs come?’, and the speakers outlined how central bank digital currencies (CBDCs) are in various processes of development in their countries.

Stripe to pay $1.1bn for stablecoin platform Bridge

/crypto

Stripe to pay $1.1bn for stablecoin platform Bridge

Stripe has confirmed an agreement to acquire stablecoin platform Bridge in a deal worth around $1.1 billion.

Sibos: Panel calls on regulators to define minimum level of fraud data sharing

/regulation

Sibos: Panel calls on regulators to define minimum level of fraud data sharing

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

AFP: Business continuity starts with careful plans

/security

AFP: Business continuity starts with careful plans

A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.

US moves to 'open banking' with Personal Financial Data Rights final rule

/regulation

US moves to 'open banking' with Personal Financial Data Rights final rule

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.

Europe's Target Settlement system to join cross-border instant payment project

/payments

Europe's Target Settlement system to join cross-border instant payment project

Europe's Target Settlement system is to join Project Nexus, a Bank for International Settlements initiative to connect domestic real-time networks across borders.

LatAm payment startup Akua lands $4.3 million seed investment

/startups

LatAm payment startup Akua lands $4.3 million seed investment

Akua, a Latin American payments startup founded by former executives at Mastercard, dLocal, PayU, Jeeves and Pomelo, has secured a $4.3 million seed investment led by Propel and supported by Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures.

Tide acquires payroll provider Onfolk

/payments

Tide acquires payroll provider Onfolk

Business finance platform Tide has acquired UK payroll provider for SMEs Onfolk. Terms of the deal have not been disclosed.

E-ID firm Authologic raises $8.2 million Series A

/identity

E-ID firm Authologic raises $8.2 million Series A

Polish identity verification vendor Authologic has closed on an $8.2 million Series A funding round.

AFP: Does the US need Faster Payments?

/payments

AFP: Does the US need Faster Payments?

How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.

Santander launches Openbank digital brand in the US

/cloud

Santander launches Openbank digital brand in the US

Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.

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