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/payments

Klarna and Xero bring BNPL to small businesses

Klarna has joined forces with accountancy software provider Xero to enable small businesses to accept buy now, pay later payments.

/payments

US Justice Department sues Visa over debit card market monopoly

The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.

/payments

HSBC calls for tech giants to help refund APP fraud victims

A senior HSBC executive is the latest banker to call for technology and social media firms to help foot the bill for compensating victims of Authorised Push Payment (APP) fraud.

/security

MoneyGram knocked out by cybersecurity issue

MoneyGram has blamed a "cybersecurity issue" for an outage that has left users unable to send money for several days.

/ai

NextGen: AI – A sneak peek of speakers and attendees

Finextra launches its inaugural Next:Gen AI event on 26 November 2024. Join us in London to help redefine what’s possible.

/regulation

Survey uncovers tech aversion within financial institutions

The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.

/regulation

Hong Kong regulator launches tokenisation pilot

The Hong Kong Monetary Authority (HKMA) has started the second phase of its digital Hong Kong dollar pilot study.

/wealth

BlackRock joins Fintech Scotland

The world's largest asset manager, BlackRock, has announced its membership of Fintech Scotland, the promotional for the country's fintech sector.

/crypto

Canada shelves retail CBDC work

After years of research, the Bank of Canada says it is "scaling down" its work on a retail central bank digital currency.

/regulation

Fidelity and Abrdn join new investment platform trade body

Facing increasing regulatory scrutiny, Abrdn, Fidelity and SS&C have joined a new UK trade association for investment platforms.

/retail

Bank of America to open 165 new branches

Bank of America is the latest US lender to double down on its branch network, pledging to open more than 165 "financial centres" by the end of 2026.

/payments

Chase UK trials credit cards

JPMorgan Chase is testing a credit card product for customers of its UK digital challenger bank, according to Bloomberg.