clear
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/retail

BUX offloads UK subsidiary to APM Capital

BUX Holding has sold its UK business BUX Financial Services Limited (BFS) to Asseta Holding, the parent company of UAE-based investment firm APM Capital.

/payments

Stripe valuation hits $70bn

Sequoia Capital has approached investors with an offer to buy shares in Stripe at a $70 billion valuation, according to reports.

/payments

UK regulators seek feedback on Big Tech digital wallets

UK regulators are calling for feedback on the benefits and risks digital wallets from Big Tech giants such as Apple and Google bring to people and businesses.

/retail

Lloyds to convert old data centres and offices into social housing

Lloyds Bank Group is to convert decommissioned data centres and former office sites into new social housing projects.

/retail

Santander adds British Sign Language to online content

Banco Santander has rolled out a new digital service for deaf customers in the UK by providing its website in British Sign Language (BSL).

/payments

BNP Paribas signs wide-ranging payments deal with Ant International

BNP Paribas is collaborating with China's Ant international on a range of initiatives to boost cross-border payment services for merchants and consumers in Europe.

/payments

Bank-backed DLT-based payments network Partior raises $60m

Partior, the bank-backed fintech behind a global unified ledger-based interbank rails for real-time clearing and settlement, has raised $60 million in Series B funding.

/crypto

DWS moves toward first German-regulated euro stablecoin

German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.

/payments

UK shoppers frustrated by payment outage

On Thursday, UK shoppers were hit by a payments outage, preventing them from making online and card payments using Visa and Mastercard.

/wealth

Bain and Reverence to buy Envestnet for $4.5bn

Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion.

/regulation

Citi fined $136m for lack of progress on fixing risk management flaws

Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.

/regulation

Apple reaches deal with EC on NFC payments access

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.