/security
The UK's Payment Systems Regulator is to extend its scam reimbursement programme to transactions taking place across the Chaps high value payments network.
50 mins
/people
TSB is to close 36 bank branches and cut 250 jobs in a major operational overhaul at the UK bank.
1 hour
/devops
Lloyds Banking Group is collaborating with Red Hat on a programme to drive the adoption of open source software across its engineering teams.
/retail
Challenger bank Monzo has raised another $190 million with support from Hedosophia, an early backer of Airbnb and Uber, Alphabet fund Capital G, and Singapore's Government Investment Corporation (GIC).
2 hours
SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra over ID verification failures that enabled thieves to steal $8.1 million from the accounts of customers at other financial institutions.
Belgium's Centre for Excchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.
3 hours
/payments
Australian Big Four bank NAB is partnering with Banked to launch Pay by Bank capabilities, leveraging Australian open banking rails PayTo to settle near-instant transactions.
/wealth
Emirates NBD's digital offshoot Liv is working with B2B alternative asset solutions provider Ctrl Alt to explore the tokenisation of real-world assets.
12 hours
EBA Clearing says its request to pay service is ready for commercial use cases after the completion of a pan-European proof-of-concept involving eight PSPs.
/crypto
German bank KfW is preparing to issue its first blockchain-based digital bond in the form of a crypto security in accordance with the German Electronic Securities Act (eWpG).
/regulation
Digital banking giant Chime will pay more than $4.5 million to settle with the Consumer Financial Protection Bureau for illegally delaying consumer refunds.
19 hours
Private equity firm Gallant Capital Partners has acquired payments consultancy and testing specialist Fime as well as the UL Solutions payments testing business and merged the two. Financial terms were not disclosed.
21 hours
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.