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/sustainable

Mastercard and Standard Chartered pilot tokenised deposits

Mastercard has teamed up with Standard Chartered on a proof-of-concept pilot exploring tokenised deposits and tokenised carbon credits.

/payments

Standard Chartered brings blockchain to payments with Partior

Standard Chartered is the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, integrating blockchain innovation directly into the bank’s payment systems

/regulation

UK payment firms push back on APP fraud refund plan

Payments firms are calling for a rethink of UK plans to protect victims of APP fraud, arguing that a refund cap of £415,000 will hurt smaller providers.

/payments

French payments app Lydia launches mobile bank

French mobile payments app Lydia has launched a new challenger bank proposition with plans to invest €100 million in the new venture and hire 400 people over the next three years.

/payments

Mexican BNPL firm Aplazo raises $70 million

Mexican BNPL platform Aplazo has raised $70 million in equity financing, including a $45 million Series B.

/retail

Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

/markets

Deutsche Bank joins MAS-led asset tokenisation project

Deutsche Bank is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian initiative to explore asset tokenisation applications.

/people

Freetrade CEO Dodds steps down

Freetrade co-founder Adam Dodds is stepping down as CEO of the UK trading app to be replaced by COO Viktor Nebehaj.

/crypto

Broadridge to offer JPM Coin as settlement mechanism for DLR platform

JP Morgan has struck a deal to offer its JPM Coin digital token as a settlement mechanism for Broadridge's DLR (Distributed Ledger Repo) platform.

/security

Banco Santander suffers data breach at third party supplier

Banco Santander has reported a data breach at a third party provider that exposed client and employee data.

/payments

Nine-in-ten Klarna employees now use AI daily

Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively.

/payments

ECB conducts first DLT trials for wholesale central bank money settlement

The Eurosystem has begun the first of a series of trials to test the use of distributed ledger technology (DLT) for the settlement of wholesale transactions in central bank money.