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.

At the Merchants Payments Ecosystem conference 2024, Chairwoman Anna Maj moderated the session ‘Next-Generation Technologies for Merchant Payments’, speaking to a panel of experts including Bartosz Skwarczek of GZA Capital Group, Galit Shani-Michel from Forter, Bono van Nijnatten from ASOS Payments, and Francesco Burelli of Arkwright Consulting. Maj questioned the panelists on how AI is being used in merchant payments and where AI can take their companies in the future.

Shares in Coinbase jumped in pre-market trading on Tuesday on news that it will become the first cryptocurrency outfit to be included in the benchmark S&P 500 index.

The Monetary Authority of Singapore has established The Global Finance & Technology Network (GFTN) a not-for-profit organisation to harness technology, pump-prime startups and foster innovation in the fintech ecosystem.

Propel Venture Partners, the BBVA-backed seed-stage venture firm targeting fintechs, has closed a $100 million fund.