Both sending and receiving banks running transactions over the UK’s Faster Payments scheme will be expected to split the cost of reimbursements in the case of authorised push payment fraud, under new rules devised by the Payment Systems Regulator.
Citigroup has launched an API for payment initiation, payment status, and account balance inquiries at corporate treasury workstations and enterprise resource platforms.
Revolut has laid out its plans for 2025, including the introduction of an AI assistant, mortgages, ATMs, and a business credit product.
Deutsche Börse has gone live with a regulated spot platform for institutional trading in crypto assets.
As mobile devices double as digital wallets streaming location coordinates and transaction information, satellite images capture fleet movements and consumers generate product reviews on social media, financial institutions are gathering and analysing a rapidly growing amount of non-traditional data to enhance their core financial datasets. The analysis of this time series data – data that captures temporal changes, organised by time – allows firms to detect unique patterns and make future predictions of market performance and behaviour.
Chime has been reported to be aiming to go public in 2025, with Morgan Stanley to lead its initial public offering (IPO).
Green fintech Sugi has joined forces with Artorius to offer the wealth manager’s clients bespoke access to environmental metrics that can help them build greener portfolios.
Digital investing platform Webull has launched Webull Savings, an offering that provides users with access to a marketplace of savings accounts and the ability to move funds quickly between trading accounts and banks.
Dutch police have raided 25 locations in the Netherlands in an ongoing crackdown again a spate of of ATM bombings in Germany.
The Indian Supreme Court’s official YouTube channel has been hacked and used to show videos promoting Ripple Labs’ XRP crypto token.
A security flaw with the New York subway’s contactless payments system lets people with a rider’s credit card details see their travel history.
The FCA has fined TSB Bank £10,910,500 for failing to ensure customers who were in arrears were treated fairly.
Mastercard has added five early-stage startups founded by women and people of colour to its Start Path in Solidarity programme.
Two ex-Revolut employees have raised $2.3 million in pre-Seed funding to build Bleap, a self-custodial stablecoin app with an accompanying debit card.
Lloyds Banking Group is building a new machine learning (ML) and Generative AI (GenAI) platform using Google Cloud’s Vertex AI.