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/security

CBA pilots NameCheck technology on JPMorgan's Liink blockchain

Commonwealth Bank of Australia is to help validate bank account details used in international payments to Australia by integrating its NameCheck technology with JPMorgan's blockchain network Liink.

/regulation

Ripple donates $25m to crypto super PAC

Ripple is pumping $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.

/wholesale

SME banking platform Relay raises $32.2m

Relay, a business banking and money management service for SMEs, has raised $32.2 million in a Series B funding round led by Bain Capital Ventures.

/wealth

Sipps provider Intelligent Money goes into administration

UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.

/payments

EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

Q. What does the payments sector look for in a conference? A. The number of banks registered to attend and the number of bank speakers on the agenda, ready to openly communicate to the audience how they are currently leveraging technology.

/payments

PayPoint invests in Aperidata

British bill payment outfit PayPoint has made a £1 million investment in consumer and business credit reporting and open banking platform Aperidata.

/inclusion

Interledger Foundation foots bill for fintechs to build global interoperability network

The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.

/ai

Rich Data Co. signs first US bank client

Australian AI decisioning platform for bank business lending, Rich Data Co., has signed its first major US deal with M&T Bank Corporation.

/people

PayPal builds advertising platform

PayPal is building an advertising platform, tapping into its trove of customer data to help merchants better target their ads.

/retail

Nubank rolls out eSIM service to premium users

Brazillian challenger bank Nubank is to bundle a digital travel eSIM into its package for premium customers in partnership with Telecom-as-a-Service platform Gigs.

/people

Former FTX exec gets 7.5 years in prison

Ryan Salame, a former executive at collapsed crypto outfit FTX, has been sentenced to seven and a half years in prison.

/regulation

BaFin lifts N26 customer onboarding cap

After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.