Payments

Zelle and BofA Accelerate Charitable Disbursements

New partnership aims to streamline donations through Zelle's platform.Highlights: Zelle partners with Bank of America for charitable donations.New solution aims for faster disbursements to charities.Effort supports seamless donation experiences...

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...

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...
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NYSE Faces $9 Million Fine from SEC Over Trading Glitch

Regulatory action follows significant trading errors affecting market operations.Highlights: NYSE fined $9 million by SEC for a trading error.The glitch caused significant market disruptions.Regulators...

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...
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