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/payments

Swedish central bank calls for more action by banks on Tips cross-currency project

Sweden's central bank is calling on banks to join in the ongoing work to enable instant cross-currency payments within Europe via the Target Instant Payment Settlement (Tips) system.

/ai

Agentic AI: Citi GPS explores future of finance in the ‘do it for me’ economy

Citi GPS, Citi’s thought leadership product, last week released a report exploring the transformative potential of agentic artificial intelligence (AI), a cutting-edge advancement enabling AI systems to make decisions and execute tasks autonomously.

/crypto

Trump meme coin crashes as wife Melania joins the fray

Incoming US president Donald Trump briefly saw the capitalisation of his newly-minted meme coin $Trump more than halve upon the release of a similar crypto token by his wife Melania.

/people

Acquired.com hires former Stripe and JPMorgan executive Lee Clifton as COO

Acquired.com has hired Stripe's global head of payments performance and strategy, Lee Clifton, as chief operating officer.

/wealth

UK WealthTech Fundment raises £45 million

UK WealthTech Fundment, founded by former BlackRock and abrdn asset manager Ola Abdul, has raised £45 million in Series C funding.

/security

Revolut takes on impersonation scams with in-app calls

Fintech giant Revolut is rolling out in-app calls to help retail customers quickly expose impersonation scams.

/crypto

Trump preps crypto executive order

Incoming US president Donald Trump is set to release an executive order designating cryptocurrency a national priority, according to Bloomberg.

/crime

American Express pays $230 million for alleged deceptive sales

American Express has agreed to pay $230 million to settle charges for alleged deceptive sales of credit card and wire transfer products to small business customers.

/regulation

DORA takes effect today

Today marks the deadline for compliance with the Digital Operational Resilience Act (DORA) in the EU.

/payments

UK's Payment Systems Regulator sets out updated strategy

Halfway through its five-year strategic plan, the UK's Payment Systems Regulator (PSR) has published its strategy update setting out its core commitments.

/payments

Amazon to buy Indian BNPL firm axio

Amazon has agreed to acquire Indian buy now, pay later firm axio in a deal reported to be worth more than $150 million.

/security

Ireland proposes legislative changes to tackle scam epidemic

Ireland's Government has committed to the establishment of a shared fraud database between financial institutions, utility companies, and payment companies, against a backdrop where scammers stole almost €100 million in 2023.