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/crypto

Ripple plans stablecoin

Crypto and blockchain giant Ripple is launching its own dollar-pegged stablecoin.

/wholesale

Mastercard invests in Hello Alice

Hello Alice, a platform connecting small businesses to capital, connections and opportunities, has closed a Series C funding round joined by QED Ventures and Mastercard.

/startups

Sweden's Scayl raises €100m to address fintech lending gap

Swedish startup Scayl, a debt financing platform based in Stockholm, has raised €100M to address a lending gap in the fintech sector.

/markets

Iosco to examine business models of ever-expanding exchanges

The International Organisation or Securities Commissions (Iosco) has launched a consultation paper to examine the risks associated with the evolving business models of stock exchanges and other market infrastructures.

/payments

Central banks explore tokenisation of cross-border payments

A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.

/regulation

BofE and FCA issue draft guidance on Digital Securities Sandbox

UK regulators are inviting feedback on draft guidance for firms looking to enter the country's new Digital Securities Sandbox (DSS).

/payments

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.

/payments

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.

/retail

Nationwide branch advert banned as misleading

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

/crime

Turkish crypto chief starts 11,196-year prison sentence

Faruk Fatih Ozer, the former boss of failed Turkish cryptocurrency exchange Thodex, has started a lengthy jail sentence after he was found guilty of defrauding investors in a multimillion dollar fraud.

/wholesale

Alpha Group to list on LSE main market

UK-based fintech consultancy Alpha Group is set to move its listing to the London Stock Exchange's (LSE) primary market as part of its expansion.

/payments

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.