Embedded banking platform Treasury Prime has laid off half of its staff as part of a strategic pivot to sell directly to banks.

The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and wallets.

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

As described by the UK’s FCA, finfluencers are “social media personalities who use their platform to promote financial products and share insights and advice with their followers.”

India-based payments giant Paytm is collaborating with the Indian government in an initiative designed to boost the growth of fintech startups in the country.

Mastercard is working with NEC Corporation to push the use of facial recognition technology for instore payments in Asia Pacific.

Google has been using AI to crack down on advertising fraud, meeting a key demand from banks and politicians to bear down on scam accounts.

Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.

UK retailer Marks & Spencer says some personal customer data was stolen in a recent cyberattack which has crippled online services.

Danske Bank has added a new feature to its mobile app that gives customers a clear insight into how many sustainable investments they have in their portfolio.

UK specialist lender Shawbrook Bank says it is generating personal loan rates five times quicker since rolling out an in-house built AI-enabled pricing environment.

Unqork, a no-code application platform used by big name financial services firms has topped up its Series B funding round with an additional $51 million from, among others, Goldman Sachs.

Mounting regulatory requirements and growing stakeholder pressure is driving a surge in demand for ESG reporting and data management software, creating a multi-billion dollar market that vendors need to keep up with, according to a report from research firm Verdantix.