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Latest Results from /retail

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Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

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Revolut adds bond trading

Revolut is adding the ability to buy and sell corporate and government bonds for its users across Europe.

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BNPL firm Laybuy enters receivership

New Zealand-based Buy now, pay later lender Laybuy has entered receivership after failing to find a buyer for the ailing business.

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Atom Bank posts first pre-tax profit

Atom Bank has posted its first pre-tax profit, boosted by a 40 per cent increase in its loan book to £4.1bn, with a 55 per cent jump in residential mortgage balances to £3.2bn.

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Labour Party pledges to open 350 shared banking hubs

The Labour Party has reiterated its promise to open 350 banking hubs across the UK over the next five years if its win the upcoming General Election.

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French wealth management startup Ramify raises €11m

French wealth management and financial advisory platform Ramify has raised €11 million in a Series A funding round joined by Crédit Agricole.

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Lunar and SAS partner for debit card

Danish neobank Lunar has launched a debit card with Scandinavian Airlines (SAS) that allows users to gain and use EuroBonus points.

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Apple shuts down Apple Pay Later

Apple is killing off its buy now, pay later service just a year after launch as it switches its focus to working with third parties for instalment loans.

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BBVA preps German digital bank

Spain's BBVA is planning to launch a consumer digital bank in Germany, according to Bloomberg.

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Martin Lewis tops NatWest's Celebrity Scam Super League

UK Money Saving Expert Martin Lewis tops the list of NatWest's Celebrity Scam Super League, which ranks the the highest value cases in which a celebrity’s name or image has been used without their knowledge to lure consumers into making a fake investment.

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Prosper smashes £800,000 Crowdcube target

Prosper, the UK WealthTech founded by Tandem and Nutmeg alumni, has hit its £800,000 Crowdcube target before launching to the public.

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Thought Machine becomes Mastercard core banking partner

Thought Machine has become Mastercard's first strategic end-to-end core banking partner, with the pair offering their combined capabilities to financial institutions looking to modernise their technology stacks.