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Latest Results from /retail

/retail

The Netherlands gets nationwide contactless public transport payments system

The Netherlands has become the first country to launch a fully contactless public transport payments system nationwide.

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Finnovating unveils MatchGPT 'Business Tinder'

AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.

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Bank customers ill-served by poorly deployed chatbots - CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring banks' increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers trying to receive straightforward answers from their financial institutions or raise a concern or dispute .

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Argentinian fintech Uala launches savings account in Mexico

Argentine mobile banking firm Uala is stepping up its presence in Mexico, launching a high-yield savings account weeks after securing a banking licence in the country.

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Barclays explores options for payments biz - Reuters

Barclays is reviewing its payments businesses, calling in consultants to examine options for areas such as card issuing and merchant services, according to Reuters.

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Australia to kill cheques by 2030

Australia will phase out cheques by the end of the decade, citing their dwindling popularity in the face of a range of electronic alternatives.

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Money20/20: MiCA, the regulation to rule them all

Hot on the heels of the Securities and Exchange Commission (SEC) suing Binance and its founder Changpeng Zhao for failing to protect US investors, Vishal Sacheendran, director, MENA & Europe, Binance, took to the stage at Money20/20 in Amsterdam to provide a TL; DR version of incoming crypto asset Markets in Cryptoassets (MiCA) regulation.

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NatWest and Edinburgh Uni launch centre for innovation in banking

NatWest has invested £2 million to create a 'Centre for Purpose-Driven Innovation in Banking' in collaboration with the University of Edinburgh.

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UK BaaS bank Griffin raises $13.5 million

Newly-licenced UK bank Griffin has raised $13.5 million in a Series A funding round led by MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.

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PSR lays out new ground rules for APP fraud

Both sending and receiving banks running transactions over the UK's Faster Payments scheme will be expected to split the cost of reimbursements in the case of authorised push payment fraud, under new rules devised by the Payment Systems Regulator.

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Payrails raises $14.4m

Payrails has raised $14.4 million in a seed extension round led by EQT Ventures to scale its financial operations platform.

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Lucinity unveils generative AI-powered financial crime compliance copilot

Lucinity has launched a generative AI-powered 'copilot' designed to boost the productivity of financial crime compliance teams.