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/crypto

DTCC opens digital asset sandbox

The Depository Trust and Clearing Corporation (DTCC) has created a sandbox to test groundbreaking technology for the digital asset industry.

/crypto

Ripple readies for stablecoin launch

Ripple is preparing to launch a US dolar denominated stablecoin, roping in a host of exchange partners and customers in the digital asset industry.

/people

Solaris to lay off a third of workforce

German Banking-as-a-Service company Solaris is set to lay off a third of its workforce with the majority of job losses hitting its British subsidiary Contis.

/payments

Barclays takes over GM card business from Goldman Sachs

Barclays Bank has snapped up the General Motors card business from current issuer Goldman Sachs.

/security

Revolut tops fraud leaderboard by a country mile

The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.

/security

New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

/startups

Fintech angel fund Rerail hits $20 million funding target

Rerail, an angel fund for fintech startups, has closed on a $20 million warchest.

/sustainable

Sustainable Finance Live 2024: Hackathon winners announced

Team AgriEco Hub and Team 3 (NatureDelta) have been announced as the winners of this year’s hackathon, which took place in partnership with NayaOne alongside the conference.

/wholesale

Russia urges Brics countries to develop cross-border alternative to Swift

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.

/identity

Mastercard to pilot enhanced ID verification service in Europe

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport.

/payments

Revolut doubles down on B2B with launch of POS Terminal for larger businesses

Revolut is rolling out a POS terminal device for larger businesses in the UK and Ireland in advance of Black Friday and the busy festive shopping season.

/retail

AperiData rolls out open banking credit score

Credit Referencing Agency AperiData has released a real-time open banking credit score to help lenders more accurately guage the ability of applicants with limited credit history to repay their debt.