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/retail

Revolut valuation raised 45% by investor

With its valuation raised 45% by an investor, UK-based fintech Revolut is pumping $100 million into Mexico as it seeks to cash in on the lucrative Latin American remittance market.

/payments

Ramp sees valuation bounce back on $150 million raise

Finance automation and corporate credit card startup Ramp has raised $150 million in a funding round co-led by Khosla Ventures and Founders Fund.

/security

Police bust cybercrime phishing subscription network

Police have arrested 37 members of a criminal gang that operated a phish-for-subcription Website that duped up to 70,000 UK victims into entering their bank details at fraudulent internet sites.

/payments

PayPal Ventures leads €18 million series A extension in Pliant

PayPal Ventures has led an €18+ million Serie A extension for Berlin-based corporate card platform Pliant as it prepares for expansion into the UK.

/regulation

Blair Institute sets out 'progressive vision' for fintech

If it wins the upcoming UK general election, the Labour party must harness the fintech sector as an engine for economic growth, opportunity and inclusion across the country, says a report from the Tony Blair Institute for Global Change.

/crypto

New Zealand consults on digital cash

The Reserve Bank of New Zealand has opened a consultation on the potential launch of a central bank digital currency.

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

/regulation

Canada set for open banking legislation

The Canadian government has promised open banking legislation by the end of the year and confirmed that the Financial Consumer Agency of Canada (FCAC) will oversee the new system.

/security

Barclays reports large spike in investment scams

Barclays Bank is calling for social media platforms to act fast to improve verification of financial adverts after reporting a large spike in investment scams.

/payments

Danish POS startup Flatpay raises €45 million

Danish fintech POS startup Flatpay has moved into Unicorn territory with a €45 million investment led by Dawn Capital with participation from Copenhagen's Seed Capital.

/retail

CFIT advances open finance pilots for consumers and SMEs

The UK Centre for Finance, Innovation and Technology (CFIT) is to build two working prototypes of open finance applications for providing financial advice to vulnerable consumers and to speed up credit assessments for SME loan applications.

/retail

10x to build Centres of Excellence in the UK, US and India with Deloitte

Core banking vendor 10x Banking has enlisted Deloite to target credit unions, building societies and mutual banks in the US and UK.