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/retail

UniCredit to acquire Banking-as-a-Service venture Vodeno and Belgian digital bank Aion

Italy's UniCredit has entered into a binding agreement to acquire the entire share capital of European Banking-as-a-Service platform Vodeno and Belgian digital bank Aion.

/payments

Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

/regulation

FTC investigates 'surveillance pricing' based on customer data

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

/retail

Tim Berners-Lee unveils data wallet

Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.

/payments

UK open banking hits 10 million users

More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.

/retail

Nationwide joins Open Property Data Association

Nationwide Building Society has followed in the footsteps of Lloyds Banking Group by joining the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.

/retail

Plum raises £16 million in push for profitability

Smart money app Plum has raised £13.4m in funding from institutional investors and an additional £2.7 million from a crowdfunding campaign.

/payments

Brazil delays launch of recurring Pix payments

The Brazilian central bank has pushed back the addition of recurring payments to its Pix platform from October until next June.

/crypto

Stables launches stablecoin virtual card in Europe

Australian stablecoin payment startup Stables has launched in Europe with a Mastercard virtual card.

/security

Customer complaints over fraud reimbursement by Revolut surge

The UK's Financial Ombudsman has fielded a 35% surge in customer complaints about requests for reimbursement over scam thefts being denied by Revolut.

/regulation

FCA to lift customer onboarding restrictions for Modulr

The FCA is preparing to lift restrictions on the onboarding of new customers at UK fintech firm Modulr subject to advance notification.

/payments

Ebury appoints Goldman Sachs to lead UK IPO

Santander-backed Ebury has reportedly appointed Goldman Sachs to lead a forthcoming £2 billion IPO in London.