UK parliamentarians on the cross-party Treasury Committee have urged to Bank of England to address data privacy and financial stability concerns before considering the implementation of a digital pound.

Revolut is preparing for the next generation of merchant payments with the launch of a Pay by Bank option, avoiding card networks and sucking payments directly from consumer bank accounts.

Halfway through its five-year strategic plan, the UK’s Payment Systems Regulator (PSR) has published its strategy update setting out its core commitments.

Payments startup kevin has been declared insolvent by a Lithuanian court

Mastercard has unveiled a digital media network that uses permissioned transaction data to deliver personalised advertising.

Euroclear has made ean investment in Greenomy, a Belgium-based sustainable finance technology platform.

Embedded payments platform Clear Junction has launched a new on-chain stablecoin transfer service, the first product in a wider suite of digital asset services under development to meet increasing demand from fintechs, payment service providers (PSPs), and regulated financial institutions.

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

Coinbase says that crooks bribed employees and contractors to steal customer data for use in social engineering attacks in an incident that may cost the crypto exchange up to $400 million to address.

Compliance officers in financial services should think of themselves as orchestra conductors, according to Charles Gaddy, co-founder of identity verification service company, Global Data Consortium.

A labour union has filed lawsuits against Consumer Financial Protection Bureau acting director Russell Vought after he ordered staff to halt much of the watchdog’s activities.

EBAday, the premier event for industry professionals across transaction banking and payments covers all aspects of the sector, in degrees of depth unseen at other conferences. The second day of the event saw senior executives listen in to sessions on instant payments, correspondent banking, regulation, innovation, Payments as a Service (PaaS) and models for public and private sector collaboration. Here’s a roundup of the most discussed themes and what to expect in 2024.

BNY Mellon has migrated infrastructure supporting wire payments into the cloud with Microsoft Azure.

Ant International has added iris authentication to its smart payment spectacles.

Malicious actors exploited a fault in Revolut’s payment prcoessing system to steal more than $20 million from the financial super app in 2022, the FT has reported.