Revolut is facing a class action lawsuit in Illinois alleging the UK fintech giant has unlawfully collected, used and stored customers’ biometric data.

Tangany, a BaFin-regulated digital asset custodian preparing for EU-wide expansion under MiCA, has successfully closed a €10 million Series A funding round.

Barclays has entered a strategic partnership with Brookfield Asset Management that will work towards offloading the UK bank’s payments acceptance business “over time”.

Long-term mortgage lender Perenna is to offer cheaper loans to customers who commit to an energy efficient upgrade to their homes.

Starling Bank has reported a decline in full-year profits after booking exceptional charges against FCA non-compliance and Covid-era loans.

The Financial Stability Board is attempting to develop a co-ordinated regulatory approach to the risks arising from bank outsourcing and third party relationships.

US Bank is testing the issuance of custom stablecoins on the Stellar blockchain network.

A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people’s bank accounts.

City of London Police have contracted with Capita and PwC to take over fraud and cybercrime reporting from the much-maligned Action Fraud.

Ukraine’s financial services market is celebrating another unicorn after Fintech-IT Group, the tech company behind the one of the country’s most popular online banking service, received an investment to push its valuation beyond $1bn.

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

In what is becoming a trend in the fintech world, Barclays has taken top honours at a London hackathon, this time triumphing at a weekend-long event hosted by payments start-up Birdback at Google Campus.

Commonwealth Bank of Australia has teamed up with Amazon Web Services to launch an inhouse ‘AI Factory’ with the aim of accelerating the adoption of Generative AI.

Fraudsters are already latching on to the new APP fraud reimbursement scheme as a means to dupe consumers into handing over sensitive banking information warns consumer group Which?.

Mastercard has introduced Cardholder Verification Code-less online payments for debit and credit cardholders in India who have tokenised their cards on merchant platforms.