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FCA hampered by crypto skills shortage

/regulation

FCA hampered by crypto skills shortage

A shortage of crypto skills meant the FCA took longer than planned to register crypto-asset firms under money laundering regulations in 2021, and it still finds it difficult to recruit and retain staff with these skills, acording to a report by the National Audit Office (NAO).

How sustainable is payment by cash?

/sustainable

How sustainable is payment by cash?

The environmental footprint of a person’s yearly use of euro banknotes is equivalent to driving 8 km by car, or 0.01% of an individual's total carbon consumption, according to a study by European financial authorities.

Intesa Sanpaolo rolls out contactless payment ring

/payments

Intesa Sanpaolo rolls out contactless payment ring

Intesa Sanpaolo is launching a wearable payment ring for customers to tap and pay at the checkout.

SumUp goes for growth with €285 million raise

/payments

SumUp goes for growth with €285 million raise

London fintech SumUp has scored a whopping €285 million in growth financing to expand its global fooprint and extend its range of financial products and services for its four million small business customers.

Visa and Mastercard lower Canadian interchange fees

/payments

Visa and Mastercard lower Canadian interchange fees

Canada has finalised a deal with Visa and Mastercard to lower credit card interchange fees for small businesses.

BlackRock rolls out GenAI to staff and clients

/devops

BlackRock rolls out GenAI to staff and clients

Global investment manager BlackRock has announced the rollout of generative AI tools as soon as January in a bid to embrace the nascent technology.

ADCB introduces the region’s first Mastercard Carbon Calculator

/sustainable

ADCB introduces the region’s first Mastercard Carbon Calculator

Abu Dhabi Commercial Bank (ADCB) has partnered with Mastercard to introduce the Mastercard Carbon Calculator in the Middle East.

Fujitsu partners with Palantir Technologies to boost business transformation

/devops

Fujitsu partners with Palantir Technologies to boost business transformation

Sustainable digital transformation company Fujitsu has allied with Palantir Technologies to boost business transformation in Japan and solve societal challenges.

Canadian fintech Koho raises C$86m

/retail

Canadian fintech Koho raises C$86m

Canadian fintech Koho has raised an additional C$86 million at a C$800 million valuation in a Series D round extension.

Canapi Ventures raises $750m fintech fund

/startups

Canapi Ventures raises $750m fintech fund

Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund.

OCC warns banks on BNPL lending

/regulation

OCC warns banks on BNPL lending

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.

Amazon ditches Venmo

/payments

Amazon ditches Venmo

Shares in PayPal fell on Thursday after Amazon said it was removing Venmo as a payment option.