A lack of preparedness for the EU’s new regulations on authentication could cost Europe’s online economy more than €50bn according to a number of payment processors and e-commerce merchants.

Revolut has embedded an AI into its People platform that conducts interviews with job candidates and summarises the performance of all appointees.

Credit card behemoth Visa has splashed out $1bn to acquire Brazil-based core banking platform Pismo.

Mobile banking startup Monese has booked a £30.5 million loss in accounts filed for 2022 and warned of its ability to continue as a going concern unless it can raise additional funds.

Sitting at Cogo’s zero-waste stand at Money20/20 in Amsterdam, Finextra caught up with ING and Cogo to discuss their carbon footprint calculator and the wider impact of using trackers for customers.

IZettle has introduced a software development kit that enables merchants to integrates its card payments service directly into their own mobile apps.

New York Attorney General Letitia James has filed an amended lawsuit against crypto firm Gemini and Digital Currency Group, alleging that nearly quarter of a million investors were defrauded out of more than $3 billion, rather than the $1 billion claimed in the initial suit.

Sustainable investment app Clim8 has raised £1.26 million on the first day of a crowdfunding campaign via Crowdcube, beating its target of £750,000 by 168%.

The UK Government has published its National Payments Vision (NPV), vowing to cut through the “regulatory congestion” facing the sector to deliver a world-leading ecosystem.

Morgan Stanley has struck a deal to buy EquityZen, a trading platform for shares in private companies. Financial terms of the deal were not disclosed.

Minister for tech and the digital economy, Paul Scully MP, opened day two of the Innovate Finance Summit 2023 with a keynote on the UK government’s ambition for digital identity.

Thought Machine has integrated Wise’s international money transfer platform into its core banking engine, Vault.

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

Digital asset infrastructure firms Ripple and Circle have received conditional approval for its application to establish a national trust bank in the United States.