Swiss financial technology house Avaloq is setting up a venture fund to invest in and support startups and fast-growing fintech businesses

Santander has scored a significant High Court victory in a push payment fraud case over its responsibility to return £415,000 that was sent to a scam account.

Moov Financial, the US startup behind an open source embedded banking platform, ha raised $27 million in a Series A funding round led by a16z.

Fund administrator Apex Group has acquired a controlling stake in Luxembourg-based Tokeny in a move designed to spearhead a push into the tokenisation market.

Shares in Block rose on Monday as the Jack Dorsey-founded fintech joined the benchmark S&P 500 index.

Research published by the Payment Systems regulator indicates that reimbursed fraud victims feel more vigilant about fraud risks, not less.

Switzerland’s major incumbents have made sizeable investments in their digital propositions in recent years meaning the newcomers must offer something different in order to stand out.

Welsh startup Burbank has raised £5 million to bring offline tap and pin payments to the e-commerce realm.

JPMorgan Chase has seen the number of hacking attempts on its systems soar over the last year.

Klarna has agreed to sell up to $26 billion of US buy now, pay later loans to student loan giant Nelnet.

Singapore’s government has outlined plans to develop a governance programme around the use of artificial intelligence and personal data in its bid to become an international centre for new technology.

Deutsche Bank’s Merchant Solutions business is integrating Wero into its payments acceptance offering ahead of the mobile wallet’s launch in Germany.

HSBC is launching a metaverse investment fund to give high net worth clients in Asia a chance to get in on the ground floor of the emerging digital economy.

Mastercard is to open an A2A instant payments sandbox for UK banks to experiment with new payment methods.