/crypto
Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.
02 July 2024
/retail
Fintech juggernaut Revolut has surged to a record profit of $545 million in 2023, boosting its long-term quest to secure a UK banking licence.
/payments
China's Ant Group has acquired Dutch payments firm MultiSafepay as it expands further into Western markets.
/people
Bank of Ireland is recruiting for 100 technology roles to work on new customer features on digital channels, protecting customers against fraud, and advanced data analytics.
/startups
Travel debit card Currensea has raised over £1.7m from 760 investors in just four hours on crowdfunding platform Seedrs.
Lloyds Banking Group has revealed 60 new branch closures for the remainder of the year and 2025.
01 July 2024
A US district court judge has rejected an agreed $30 billion settlement over swipe fees between the two major card schemes and US merchants partially on the grounds that Visa and Mastercard have the financial armoury to pay "substantially" more.
The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally.
/security
Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams.
/markets
BlackRock is to acquire private market data firm Preqin for £2.55 billion in an all-cash deal expected to close before year end.
One-time insurance unicorn wefox has secured €25 million in fresh capital amid a brutal restructuring effort to keep the ailing business afloat.
Digital banking giant Chime has acquired employee rewards startup Salt Labs. Financial terms of the deal were not disclosed.
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