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/crypto

FTX gets green light to repay billions to customers

Customers of failed crypto exchange FTX will receive up to $16.5 billion under a bankruptcy plan approved by a US judge.

/wealth

Archax and Assetera partner to offer tokenised real-world assets

Digital securities distribution platform Assetera and digital securities exchange Archax have joined forces to offer investors access to tokenised real-world assets - including money-market funds from abrdn - in Europe.

/sustainable

Sustainable Finance Live 2024: The role of ESG data in the nature capital marketplace

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live called ‘What is the role of impact and ESG data in ensuring economic profit of nature capital in the marketplace?’, with speakers Cain Blythe, founder of Ecosulis and Credit Nature; Simon Crichton, head of nature, food, and resource at Triodos Bank; Giles D'Souza strategic business lead in remote sensing and GIS at Planet; James Lockhart-Smith, VP sustainable finance at Verisk Maplecroft; and Donna Lyndsay, strategic market lead environment and sustainability at Ordnance Survey.

/startups

EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

/sustainable

Sustainable Finance Live 2024: How can natural capital be assessed and why does it need to be?

Kicking off Sustainable Finance Live 2024 at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and contributing editor at Finextra opened with an introduction outlining the themes and objectives of this year’s event, to understand natural capital risk, pricing, and trade.

/security

Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

/people

Klarna board seeks to oust co-founder's ally

The board of Klarna Bank has agreed to remove Mikael Walther, a close ally of co-founder Victor Jacobsson, according to the Financial Times.

/inclusion

Remittance firm Zepz raises $267m

London-headquartered money transfer outfit Zepz has raised $267 million in a funding round led by Accel.

/crime

Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

/crime

Ecommerce fraud to exceed $100bn by 2029

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

/crypto

PayPal uses stablecoin to pay invoice

PayPal has for the first time used its proprietary PYUSD stablecoin to pay and invoice.

/inclusion

Paysend launches Paysend Libre in Mexico to reach underbanked population

In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.