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/retail

Nationwide overhauls legacy estate to speed up credit decisions by 50%

Nationwide has sped up its credit decisioning capability by 50% after migrating 1.5 million monthly credit decisions across mortgages, loans, and cards to the cloud-based Fico Platform.

/crypto

North Korean hackers cash out $300 million from ByBit heist

North Korean hackers have successfully cashed out $300 million from the record-breaking $1.5 billion crypto heist of ByBit Exchange.

/crime

US consumer fraud losses top $12.5bn in 2024

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

/security

Eurosystem to offer Sepa-wide VoP scheme

The central banking system of the Euro zone is to offer a Verification of Payee service for PSPs in the Single Euro Payments Area.

/ai

Nubank partners OpenAI to smooth customer experience

Brazil's Nubank is working with OpenAI on a host of services and features for its 114 million customers.

/people

Green Dot CEO leaves as firm explores strategic options

Digital bank and fintech provider Green Dot has replaced CEO and president George Gresham as it looks to shake things up, bringing in Citi to "explore strategic alternatives".

/payments

Sweden's Riksbank works on offline payments in contingency planning for war outbreak

Sweden's central bank is working to improve the possibility of making offline payments by card to strengthen resilience at a time of geopolitical unease and the advance of Russian troops in Ukraine.

/people

Atom Bank to move to new HQ in Newcastle while resisting back-to-work diktats

Atom Bank is to move its headquarters from Durham to Newcastle in a multi-million pound ofice investment.

/crypto

BBVA to offer bitcoin and ether trading and custody services in Spain

BBVA has received the green light from the Spanish Securities and Exchange Commission (CNMV) to provide custody and execution services for retail cryptoassets trading orders in Spain.

/payments

Barclays closes in on sale of merchant acquiring business

Barclays Bank is closing in on a deal to offload its merchant acquiring business to Canada's Brookfield Asset Management.

/ai

Zocks raises $13.8m for AI-driven financial advisor client intelligence

Zocks, an AI-driven client intelligence platform for financial advisors has raised $13.8 million in a Series A funding round led by Motive Ventures.

/payments

AmEx to buy expense management software provider Center

American Express has entered into an agreement to acquire expense management software provider Center. Financial terms were not disclosed.