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Latest Results from /retail

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Revolut soars to record profit

Fintech juggernaut Revolut has surged to a record profit of $545 million in 2023, boosting its long-term quest to secure a UK banking licence.

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Ant Group acquires Dutch payments vendor MultiSafePay

China's Ant Group has acquired Dutch payments firm MultiSafepay as it expands further into Western markets.

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Bank of Ireland recruiting for 100 technology roles

Bank of Ireland is recruiting for 100 technology roles to work on new customer features on digital channels, protecting customers against fraud, and advanced data analytics.

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Currensea smashes crowdfunding target

Travel debit card Currensea has raised over £1.7m from 760 investors in just four hours on crowdfunding platform Seedrs.

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Lloyds Bank to close further 60 branches

Lloyds Banking Group has revealed 60 new branch closures for the remainder of the year and 2025.

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US judge rejects "paltry" $30 billion swipe fee settlement

A US district court judge has rejected an agreed $30 billion settlement over swipe fees between the two major card schemes and US merchants partially on the grounds that Visa and Mastercard have the financial armoury to pay "substantially" more.

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Five Asian markets to link domestic instant payment schemes

The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally.

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Monzo introduces trio of new fraud controls

Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams.

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Wefox rescued from insolvency amid "profound" restructuring

One-time insurance unicorn wefox has secured €25 million in fresh capital amid a brutal restructuring effort to keep the ailing business afloat.

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Chime buys enterprise employee rewards platform Salt Labs

Digital banking giant Chime has acquired employee rewards startup Salt Labs. Financial terms of the deal were not disclosed.

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'Fintech leaders need to be vocal advocates for diversity and inclusion' says PPRO CEO

Pride month is coming to a close, with the main celebrations continuing into this weekend in London. Pride is about much more than parades, parties, and rainbows. It is about the practical process of acceptance and inclusion of LGBTQIA+ identities, even in the fintech workplace.

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UK bank customers hit by payment delays

Thousands of major bank customers in the UK have been hit by payments problems that has seen some people not receiving their salaries.