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/inclusion

Interledger Foundation foots bill for fintechs to build global interoperability network

The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.

/people

PayPal builds advertising platform

PayPal is building an advertising platform, tapping into its trove of customer data to help merchants better target their ads.

/retail

Nubank rolls out eSIM service to premium users

Brazillian challenger bank Nubank is to bundle a digital travel eSIM into its package for premium customers in partnership with Telecom-as-a-Service platform Gigs.

/people

Former FTX exec gets 7.5 years in prison

Ryan Salame, a former executive at collapsed crypto outfit FTX, has been sentenced to seven and a half years in prison.

/regulation

BaFin lifts N26 customer onboarding cap

After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.

/security

ABN Amro on alert as supplier hit by ransomware attack

ABN Amro is warning customers that their personal details may be at risk after a ransomware attack at one its supplier.

/payments

HPS acquires Dublin-based CR2

HPS has acquired long-established Irish digital banking and payments software company CR2.

/sustainable

Climate action fintech Deedster secures SEK 50 million investment

Stockholm-based sustainability fintech Deedster has secured a SEK 15 million investment round led by Wellstreet.

/retail

NatWest outage leaves customers fuming

NatWest customers returning to the high street after the UK bank holiday weekend have been complaining of outages on the lender's mobile app and online banking.

/retail

Engine SaaS platform could push Starling valuation to £10bn - investor

Starling's SaaS platform Engine could generate hundreds of millions of pounds a year for the UK digital bank, propelling it towards a £10 billion valuation, predicts investor Chrysalis.

/regulation

JP Morgan to pay $100m for client order monitoring failures

JP Morgan will pay $100 million to settle a CFTC probe that concluded the bank failed to properly monitor billions of client orders between 2014 and 2021.

/crime

Ex-Citi employee files wrongful termination lawsuit alleging the bank hid data from regulators

A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.