Visa’s European arm has established a sustainability solutions team as part of its commitment to make payments greener.

Canadian digital wealth platform Wealthsimple is the latest fintech to trim its workforce, blaming “market volatility” for the decision to lay off 13% of its staff.

The volume of data has exploded, and it is becoming increasingly important for financial institutions (FIs) to manage and derive value from their data. However, harnessing data is not a simple task and an increasing number of organisations are leveraging cloud to unlock new value.

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

The Attorneys general of seven US states have launched an inquiry into the buy now, pay later sector, citing concerns that the products may expose Americans to unclear terms, hidden fees, and debt traps.

Finastra has teamed up with sustainable forestry company EcoTree to provide banks with a means to remove the carbon footprint associated with both the running and implementation of its technology.

NatWest is teaming up with Spotify to launch a carbon neutral podcast series focused on climate champions from the UK business community.

Banco Santander is to stop bank transfers for Facebook Marketplace payments in cases where a customer has not seen the item in person.

A coalition of banks, Big Tech firms, and telecomm’s groups have banded together to interact with known scammers and gather intelligence in a bid to quell a growing fraud epidemic.

The US Department of Justice is investigating Visa’s policies for charging retailer more for not using its proprietary tokenisation technology, according to Bloomberg.

Green fintech Sugi has added a feature to its app that lets users check the temperature alignment of their investment portfolios.

Capital One has acquired San Francisco design outfit Adaptive Path, in a move that demonstrates the growing importance of user experience design thinking in financial products.

The Victoria state government is seeking applications for “experienced innovation hub operators” to establish a fintech hub in Melbourne.

Blockchain settlement and payment infrastructure provider SETL is claiming a “breakthrough moment” after its Regulated Liability Network (RLN) demonstrated that it can process one million transactions per second (tps).

The Financial Conduct Authority is to launch a live AI testing service to help firm deploy safe and responsible artifical intelligence models.