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/crypto

Ethereum ETFs approval progresses with SEC announcement

The US Securities and Exchange Commission (SEC) has approved rule changes in support of ethethereum ETFs, setting up the potential launch of 8 exchange traded funds.

/regulation

Klarna labels CFPB BNPL rule 'baffling'

The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".

/ai

BBVA inks OpenAI deal to bring ChatGPT to employees

Spanish banking group BBVA is stepping up its use of artificial intelligence, signing a deal with OpenAI to start rolling out ChatGPT to thousands of employees.

/startups

Startup lender SilverRock achieves banking authorisation

New challenger SilverRock Bank has been granted banking authorisation with restrictions by the Prudential Regulation Authority following the completion of a £50m funding round.

/security

Barclays invests in former Rise Academy alumni Velotix

AI-based data security platform Velotix has secured funding from Barclays Bank and Capri Ventures.

/sustainable

Zopa enters renewable energy market

Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of buy now, pay later and retail finance products available to Octopus Energy customers across the country.

/regulation

ICE fined $10m for late cyber intrusion disclosure

The Intercontinental Exchange has been hit with a $10 million penalty for the failure of its subsidiaries - including Nyse - to quickly report a cyber intrusion to the Securities and Exchange Commission.

/payments

Google Pay lets customers ditch CVVs for biometrics

Google Pay has received a revamp to make it easier for shoppers to see card benefits, use BNPL on more sites, and ditch CVV codes in favour of biometrics at checkout.

/markets

Pursuit of faster settlement times via DLT will hit market quality

Adopting distributed ledger technology in the pursuit of faster settlement times could hit liquidity and increase transaction costs, warns research from the World Federation of Exchanges (WFE).

/security

Mastercard takes GenAI to the Dark Web

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

/crypto

Biden opposes digital asset bill

President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.

/payments

CFPB rules that BNPL lenders should be treated as credit cards

The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.