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Latest Results from /retail

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Brim Financial raises $85m for US expansion

Toronto-based payment technology firm Brim Financial is targeting the US after raising $85 million in a Series C funding round led by EDC Investments.

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Chase launches advertising platform that taps customer spending data

JPMorgan Chase has launched a digital media business that lets advertisers use transaction data to target the bank's 80 million customers.

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Nationwide branch advert banned as misleading

A Nationwide advert has been banned for incorrectly suggesting that the building society has not been closing branches.

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Amazon removes Just Walk Out technology from Fresh stores

Amazon is removing its cashierless "Just Walk Out" technology from its Fresh grocery stores in the US.

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Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

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Advent to acquire Nuvei in $6.3bn deal

Canadian payments firm Nuvei is set to go private after agreeing an acquisition deal with a private equity firm.

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Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

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Santander hires former Marcus head Swati Bhatia to lead US digital charge

Santander's US arm has hired Swati Bhatia, the former head of Goldman Sachs' Marcus business, to lead its retail operations and lead a digital transformation programme.

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ValidMind raises $8.1m for AI risk management platform

ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.

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Chase wealth planning tool draws millions of users

JPMorgan Chase says its free Wealth Plan digital money coach has helped customers create more than a million personalised plans in just a year since launch.

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Westpac announces multibillion tech upgrade

Australian bank Westpac is planning to spend billions of dollars over the next four years to simplify its technology infrastructure.

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Banks told to expand risk management to cover AI

A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.