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Fed launches ScamClassifier model

/payments

Fed launches ScamClassifier model

The Federal Reserve has developed a tool, called the ScamClassifier model, to help the payments industry improve scam reporting, detection and mitigation.

Klarna sells Checkout business

/payments

Klarna sells Checkout business

Klarna is selling its online checkout business to a consortium of investors for around €485 million in order to remove the conflict of interest it created with partners such as Adyen and Stripe.

Chase is the first bank in all lower 48 US states, what next?

/retail

Chase is the first bank in all lower 48 US states, what next?

Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.

Samsung Next invests in Curve

/payments

Samsung Next invests in Curve

The venture arm of electronics giant Samsung has made a strategic investment in all-in-one card app Curve.

Mosaic and Euroclear team to generate smarter fixed income data

/markets

Mosaic and Euroclear team to generate smarter fixed income data

Mosaic Smart Data has teamed up with Euroclear to launch Smart Markets, an AI-powered tool for parsing unstructured fixed income data to generate actionable trading insights.

Trading app gamification can increase risk taking - FCA

/regulation

Trading app gamification can increase risk taking - FCA

Gamification features such as push notifications and prize draws used by trading apps can increase risk taking among users, according to research from the Financial Conduct Authority.

Fiserv hires former JPMorgan payments chief Georgakopoulos

/people

Fiserv hires former JPMorgan payments chief Georgakopoulos

Fiserv has appointed former JPMorgan Chase global head of payments Takis Georgakopoulos as a senior advisor, EVP and member of the management committee.

EBAday 2025 is coming to Paris!

/payments

EBAday 2025 is coming to Paris!

In the final session of EBAday 2024 in Lisbon, Debi Bell Hoskings moderated a closing panel of speakers Thomas Egner, secretary general of the Euro Banking Association; Wolfgang Ehrmann, chairman of the board at the Euro Banking Association; Sophie Giorgi, head of payment system and infrastructure relationships at Credit Agricole; and Luis Simões, managing director / EVP, banking operations at Novobanco.

Revolut seeks $40bn valuation through share sale – FT

/startups

Revolut seeks $40bn valuation through share sale – FT

Revolut is aiming to become the most valuable start-up in Europe with a target valuation of $40 billion, the FT reports.

Uzbek mobile bank TBC secures $10m credit from impact investor responsAbility

/sustainable

Uzbek mobile bank TBC secures $10m credit from impact investor responsAbility

TBC Bank aims to expand its microlending business and promote financial inclusion in Uzbekistan, Central Asia’s largest country by population.

Scammers can crack almost half of passwords in less than a minute

/security

Scammers can crack almost half of passwords in less than a minute

Scammers could crack 45% of passwords within a minute, using brute force or smart guessing attacks, warns security firm Kaspersky.

Citi invests in commercial lending platform Numerated

/ai

Citi invests in commercial lending platform Numerated

Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.

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