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/regulation

Apple reaches deal with EC on NFC payments access

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.

/ai

AWS announces generative AI service to create apps

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

/crime

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

/inclusion

Mobile bank TBC Uzbekistan receives $15m from EBRD and IFC

Based in Central Asia, digital banking provider TBC Uzbekistan is a subsidiary of London-listed TBC Bank Group.

/startups

Brokerage-as-a-service platform lemon.markets raises €12m

Berlin-based brokerage-as-a-service platform lemon.markets has raised €12 million in a funding round led by CommerzVentures.

/ai

BNP Paribas forms partnership with Mistral AI

BNP Paribas has inked a multi-year agreement with Mistral AI, covering all of the French artificial intelligence giant's commercial models.

/crypto

Lithuania fines crypto firm EUR9.3m for Russia sanctions violations

Lithuania has fined crypto outfit Payeer a record EUR9.3 million for Russia-related sanction violations and money laundering failures.

/startups

UK fintech investment down 37% in H1 2024

The ongoing deline in fintech investment continues in the first half of 2024 but shows signs of bottoming out, acccording to new figures from Innovate Finance.

/payments

Divido calls in the administrators

White label buy now, pay later player Divido has been declared insolvent.

/markets

Goldman Sachs leads $36 million funding round in Canoe Intelligence

Golgdman Sachs has led a $36 million Series C funding round in alternative investment data platform Canoe Intelligence.

/ai

Banco Santander and Google offer free AI training for everyone

Banco Santander and Google have reached an agreement to offer a free AI course for anyone over the age of 18 the world over.

/security

Banks in Singapore to phase out One-Time Passwords

Banks in Singapore are to phase out the use of phishing-prone One-Time Passwords (OTP) in favour of digital tokens for bank account login.