/crypto
Existing point-of-sale terminals in the UK could be used to initiate digital pound payments, according to research from the Bank of England.
14 June 2024
/cloud
As it rolls out a cloud-based in-house-built technology platform in the US, Spanish banking giant Santander is already planning to introduce the system around the world.
/payments
Shares in Wise fell more than 10% on Thursday after the money transfer firm forecast slower annual revenue growth.
13 June 2024
/regulation
The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports
Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.
/security
Stepping up its fight against scammers, Westpac has introduced real-time Confirmation of Payee security features for consumer and small business customers.
/retail
Revolut is to move its headquarters to a recently refurbished tower block in the heart of Canary Wharf as it prepares to accommodate a 40% uplift in staff numbers.
/identity
The UK is home to nearly three million "Frankenstein" identities stitched together by fraudsters out of real and made up personal details, according to researchers who warn of a potential multi-billion pound hit to the economy.
/wholesale
The Co-op Bank hs apologised to customers after a computer glitch resulted in duplicate transactions, pushing some small business owners into their overdrafts.
12 June 2024
/sustainable
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
UK mobile lender Starling Bank has reported its third full year of profitability, with pre-tax profits up 55% to £301.1m and revenue up 51% to £682.2m.
After posting a profit for 2023, Danish accounting software fintech Ageras has set its sights on securing one or two "major acquisitions".
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