/regulation
The Financial Conduct Authority has unveiled plans to make it easier for firms to test innovative products and to support new firms applying for regulatory approval as part of its work programme for 2025-2026.
2 hours
Revolut has been fined €3.5 million by the central bank of Lithuania for deficiencies in its anti-money laundering controls.
/security
The Monetary Authority of Singapore is investigating a ransomware attack on Toppan Next Tech, a vendor responsible for printing customer statements for DBS Bank and Bank of China (BoC) in Singapore, which exposed the personal data of thousands of customers.
3 hours
/payments
UK-based decentralised payments platform Ryft has raised £5.7 million in Series A funding to help acquiring banks take on industry giants Stripe Connect and Adyen.
4 hours
DailyPay has sued New York Attorney General Letitia James over efforts to apply usury laws to the earned wage access sector.
12 hours
Scams impersonating businesses and government officials cost Americans $2.95 billion last year, according to the Federal Trade Commission.
/crypto
Firefish, a European open marketplace for bitcoin-collateralised loans, has raised $1.8 million seed funding.
The Office of the Comptroller of the Currency says "highly sensitive information" was accessed in a hack on its email system.
15 hours
/ai
Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.
18 hours
Blackbird Labs, a blockchain-based restaurant loyalty and payments app, has raised $50 million in a Series B funding round.
21 hours
NatWest has made a minorty investment in rewards credit card startup Yonder.
Ripple is to acquire crypo-friendly prime brokerage Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.
22 hours
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