The UK’s Open Banking revolution is being hampered by outages that banks are taking weeks to fix, according to figures from SME lender Growth Street – an analysis that has been categorically refuted by the Open Banking standards setter.

The UK’s New Payment System Operator (NPSO) is inviting billers to jump aboard its ‘Request to Pay’ initiative, which will give firms and their customers more control, flexibility and transparency in bill payments.

Standard Chartered has launched an Open Banking Application Programming Interface (API) Developer Portal with an initial focus on its transaction banking business.

SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.

Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.

Over a million Americans have signed up for Klarna’s debit card in just eleven weeks since launch.

Austrian cryptocurrency outfit Bitpanda is to invest $10 million to create a dedicated AI division.

With the vast majority of people using its services through their banks, American person-to-person payments provider Zelle is shutting down its standalone app.

NatWest is to make its digital identity service for legally binding documents via Adobe Acrobat Sign available to customers in the Nordics.

EBA Clearing has announced that the testing for its Fraud Pattern Anomaly Detection (FPAD) Verification of Payee (VoP) solution confirmed that it is ready to scale.

The London Stock Exchange Group (LSEG) has sold a 20% stake in its Post Trade Solutions business to a consortium of 11 banks.

AI-based data security platform Velotix has secured funding from Barclays Bank and Capri Ventures.

Australia’s Securities and Invesment Commission is consulting on changes to its market integrity rules amid fears that AI combined with algorithmic trading could enhance market volatility and exacerbate flash crashes.