The boss of a UK high street bank has told a panel of politicians that the possibility of a cyber attack “keeps me awake at night”.

Moderating her last panel of the day, Finextra’s head of content Madhvi Mavadiya discussed Confirmation of Payee (COP) with Christina Fransson, senior payment product specialist of FIS in EMEA, Greg Huguet, European regional director at iPiD, Paulina Kudlacik, Confirmation of Payee scheme manager at the Nordic Payments Council, and Richard Ross, global payment market infrastructure expert at Swift.

Card giant Visa is taking aim at the UK’s burgeoning account-to-account market through its new pay-by-bank offering.

Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.

DBS is putting a patch of outdoor space at one of its buildings to use by creating a community farm where employees can grow edible plants and herbs.

Both consumers and businesses, as technology has developed, have begun to rely on global payment services for a variety of uses. As the process becomes more and more digitised, fintech firms are focussed on better speeds and transparency whilst remaining just as, if not more, secure.

The Royal Bank of Canada is backing a new incubator programme for fintech and cybersecurity startups.

In uncertain times, Lunar Bank is targeting beginner investors with a straightforward, stripped-down stock-trading platform in collaboration with fellow Danish bank Saxo.

Mastercard is to create over 1500 jobs in Dublin over the next three-to-five years, with the opening of a new tech campus in Leopardstown.

JP Morgan has struck a deal to buy cloud-native payments technology firm Renovite Technologies. Financial terms were not disclosed.

Payments giant Worldpay has struck a deal to buy AI-native enterprise fraud prevention platform Ravelin. Financial terms were not disclosed.

The European Central Bank is warning banks that their management of outsourcing risk must improve, with a stringent focus on the processing of personal data.

The UK’s Financial Ombudsman has fielded a 35% surge in customer complaints about requests for reimbursement over scam thefts being denied by Revolut.

Visa is introducing a ‘trusted agent protocol’ to protect merchants from malicious bots when transacting with AI agents.

At EBAday 2024 in Lisbon, Finextra’s own Niamh Curran moderated a lunchtime session titled ‘Rising Stars’, with Luca Kotton, platform owner at Investec Bank; John Salter, chief customer officer at ClearBank; Jenny Winther, head of payment schemes at Handelsbanken; and Phoebe Zhou, head of emerging payments, GPS Europe at HSBC, discussing success and industry newcomers.