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UK digital bank Monzo reported 2.3x growth in revenue for FY2023 and moved into profitability for the first time in the first two months of the new financial year.
31 May 2023
Purchase scams starting on Facebook and Instagram are expected to cost UK consumers more than £27m this year alone, according to an analysis by Lloyds Banking Group.
Dublin-headquartered unified payments platform NomuPay has raised $53.6 million to unlock local payment acceptance and payout disbursements for enterprises in Southeast Asia, Turkey and Europe.
The Monetary Authority of Singapore is to work with Google Cloud to explore potential use cases for generative AI.
Rent reporting platform Boom has raised $4.5 million in a seed funding round joined by Plaid co-founders William Hockey and Zach Perret.
Despite a dramatic shift to digital channels in 2023, one in three UK banking customers still prefer a physical interaction for their banking purchases, finds Kearney.
The Bank for International Settlements is calling on market participants to join a panel working on the harmonisation of API protocols for cross-border payments.
30 May 2023
UK startup Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.
UK wealth app Chip has recorded its first profitable month since its formation six years ago.
PKO Bank Polski is to run a virtual jobs fair in the metaverse in a search for new tech talent.
JPMorgan Chase has laid off about 500 people, most of them in working in technology and operations groups, according to CNBC.
29 May 2023
A digital euro could be smoothly integrated into the existing European payments landscape while leaving ample scope for innovative features and technologies, testing from the ECB and Italian outfit Nexi has shown.
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