/payments
UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs).
23 April 2024
UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.
/regulation
EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.
22 April 2024
The UK's Financial Conduct Authority intends to step up its investigations into the competitive implications of Big Tech companies in financial services.
The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.
/crypto
Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
Money moving platform TabaPay is to acquire the rival assets of bankrupt Banking-as-a-Service platform Synapse.
/retail
Istanbul-based retail investing startup Midas has raised $45 million to roll out crypto, mutual fund, and savings account products to its two million users.
/startups
SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.
Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.
A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.
The UK government has published its Smart Data Roadmap laying out its plans for smart data schemes across seven sectors, including banking and finance.
19 April 2024
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