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CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

/retail

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

/retail

PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce giant Jumia.

Chargeback platform Justt raises $30 million

/retail

Chargeback platform Justt raises $30 million

Chargeback management firm Justt has secured a $30 million Series C round to fund global expansion.

Chime files for IPO

/retail

Chime files for IPO

Digital-first mobile bank Chime Financial has reportedly filed for an IPO, according to sources cited by Bloomberg.

UK neobank app downloads surpass legacy banks for the first time

/retail

UK neobank app downloads surpass legacy banks for the first time

A new analysis of finance, fintech and crypto apps on the Google Play Store by SplitMetrics, has found that UK neobanks have surpassed UK legacy banks in terms of app downloads for the very first time ahead of the festive season.

New Zealand reduces merchant service fees for card payments

/retail

New Zealand reduces merchant service fees for card payments

New Zealand's Commerce Commission has issued a draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments.

Google Cloud predicts four ways that GenAI will transform financial services

/retail

Google Cloud predicts four ways that GenAI will transform financial services

The next year will see an industry tipping point for AI innovation in the financial sector, says Zac Maufe, global head of regulated industries at Google Cloud.

Temenos banks can now launch digital asset services "within days" following integration with Taurus

/retail

Temenos banks can now launch digital asset services "within days" following integration with Taurus

Digital asset infrastructure firm Taurus has fully integrated with fellow Swiss vendor Temenos, enabling banks to create and manage crypto wallets as well as transfer a wide range of digital assets directly from within their installed core banking software.

ASA bans Lloyds ad on greenwashing grounds

/retail

ASA bans Lloyds ad on greenwashing grounds

The Advertising Standards Authority has upheld a claim against greenwashing by Lloyds Banking Group, banning an advert that burnished the bank's environmental credentials but failed to mention its ongoing support for fossil fuel polluting industries.

IT consultant found guilty of murder of Cash App founder Bob Lee

/retail

IT consultant found guilty of murder of Cash App founder Bob Lee

A tech enrepreneur has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee.

A2A payments startup Volume raises $6 million

/retail

A2A payments startup Volume raises $6 million

Account-to-account payments fintech Volume has raised $6 million to scale its operations across the UK and Europe.

Monzo introduces Sign Language chat

/retail

Monzo introduces Sign Language chat

Hearing-impaired customers of Monzo can now chat with the bank's customer support team via SignLive, an online interpreting service for British Sign Language (BSL).

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