Payments

Upstart Applies for Bank Charter, Strengthening AI Lending Marketplace

The AI-driven lending platform seeks to expand operations with formal banking status.Highlights: Upstart has filed for a bank charter with regulators.The move aims to broaden Upstart's lending capabilities.AI technology...

Santander Tests Agentic Payments Across Latin America

New payment experiment aims to innovate financial transactions in the region.Highlights: Santander launches agentic payments trial in Latin...

European Fintechs Strengthen as Reliance on US Investors Tightens

Analysis reveals changing dynamics in European fintech investment landscape.Highlights: European fintechs are increasingly relying on local funding.US investors'...

Lloyds Bank Users Face Severe Security Breach Amid Account Mix-Up

Multiple customers received information intended for strangers, raising concerns.Highlights: Lloyds Bank faced a security breach affecting multiple users.Customers...

Lloyds Bank Tightens User Account Security Measures

Customer mistakenly accessed stranger's account, prompting changes.Highlights: Lloyds Bank users report accessing strangers' accounts.The incident raises concerns over...
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Stablecoin Startup Kast Raises $80 Million to Accelerate Growth

Funding aims to expand operations and enhance offerings in the stablecoin sector.Highlights: Kast raises $80 million inSeries A funding.Investment led by major venture capital...

Nasdaq Connects European Trading Venues to Seturion Tokenized Asset Platform

New integration aims to enhance trading efficiency in Europe.Highlights: Nasdaq links European trading venues to Seturion platform.Integration focuses on tokenized asset trading.Aim is to...

Irish Banks Launch P2P Payments Service to Enhance Digital Transactions

New service aims to simplify peer-to-peer money transfers in Ireland.Highlights: Irish banks have introduced a new P2P payments service.The service aims to facilitate hassle-free...

Bank of Canada Strengthens DLT-Based Bond Issuance Experiment

The central bank's pilot project explores innovative bond issuance methods.Highlights: Bank of Canada completes its DLT-based bond issuance experiment.The project aims to modernize bond...

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless last year.Growing preference for cashless payments...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various divisions.The firm aims for operational efficiency...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce IT expenditures.The move aims to position...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695 annually.The card features various rewards and...

Citi and HSBC Invest in Trading Tech Player Adaptive, Boosting Innovation

This investment aims to enhance financial trading technology solutions.Highlights: Citi and HSBC jointly invest in trading tech company Adaptive.The investment focuses on advancing innovative...
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