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/payments

Tabby to acquire Saudi digital wallet Tweeq

UAE-based buy now, pay later player Tabby is to acquire Saudi digital wallet Tweeq, expanding its product suite to offer customers spending accounts with money management tools.

/security

Singapore to empower police to stop voluntary bank transfers to scammers

Singapore's Ministry of Home Affairs is opening consultations on new rules that would empower the police to order banks to restrict the banking transactions of people who refuse to believe that they are being scammed.

/retail

Canadian budgeting app Hardbacon goes under

Hardbacon, a Canadian budgeting app that generated revenue through lead generation and affiliate marketing, has shut down after tweaks to Google's search algorithm saw users plummet.

/crypto

Revolut rolls out virtual crypto payment cards

Revolut is rolling out dedicated crypto payment cards for spending on everyday items.

/retail

Multiple UK banks hit by app outage spikes

Lloyds Bank is facing multiple complaints from customers related to an apparent failure of its online banking app.

/retail

The Bank of London selected by Waafi Bank for Shariah-compliant UK banking entry

The Bank of London has been selected by Malysian start-up Waafi Bank to support its plans to enter the UK's Shariah-compliant banking market.

/payments

Atlantic Money provides low-cost alternative to Swift with app-less money transfers

Money movement firm firm Atlantic Money is to make it possible for users to forsake its app and instead send and receive currencies direct from within their own bank accounts.

/security

Banks and technology firms unite to test corporate digital IDs

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

/payments

Fed governor Waller cool on interlinking fast payment systems

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

/payments

NatWest app glitch leaves customers unable to make payments

For the second time in three months, the NatWest banking app has suffered technical issues, leaving some customers unable to make payments or fund transfers on Friday morning.

/crypto

Busha and Quidax granted provisional licenses by Nigerian SEC

Nigerian cryptocurrency exchange platforms, Busha and Quidax have been granted the first provisional licenses by the Nigerian Securities and Exchange Commission (SEC).

/sustainable

Sustainable Finance Live 2024: Who are our sponsors and supporters?

This year’s annual Sustainable Finance Live conference will be held at Events@No6 in London on October 8.