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Latest Results from /retail

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Barclays to close more branches

Barclays has earmarked another 22 branches for closure as it continues to trim its network in response to falling visits.

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Singapore warns banks to prepare for quantum computing cyber threat

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.

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ECB warns banks on outsourcing risks

The European Central Bank is warning banks that their management of outsourcing risk must improve, with a stringent focus on the processing of personal data.

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Napier AI lands £45 million in funding

UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.

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Toast cuts 550 jobs

Restaurant POS fintech Toast is axing 550 jobs - 15% of its workforce - as part of a cost-cutting restructuring plan.

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Garanti BBVA issues biometric card

Turkey's Garanti BBVA has rolled out a Mastercard contactless credit card with a built-in fingerprint scanner.

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And the winner is...open banking payments

Ecospend is looking to drive account-to-account payments into the mainstream via an open banking-only competition on national television network ITV.

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Temenos to conduct independent review of Hindenburg allegations

Shares in embattled core banking vendor Temenos continued to wobble as the company reported full year results ahead of guidance but forecast slower growth in 2024 net earnings.

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Monzo targets £4 billion valuation on new funding round

British challenger bank Monzo is set to raise as much as £350 million in a funding round that would value the business somewhere between £3.5-£4 billion as it steers a path towards profitability.

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Capital One to acquire Discover for $35 billion

Capital One has made a $35 billion bid to acquire Discover Financial Services, in a move that radically reshapes the payment card industry.

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Banks "barking up the wrong tree" over CBDC deposit flight says ECB

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

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Pulsate raises $7.7 million in Series A funding round

Pulsate, a mobile-first customer engagement platform for community financial institutions, has raised $7.7 million in funding.