/startups
A former Adyen executive and an ex-UBS analyst have become the latest entrants into the increasingly crowned stablecoin infrastructure market, raising $22 million in seed founding for their startup, Noah.
1 hour
/retail
The UK Government has passed the Data (Use and Access) Bill through the House of Parliament, paving the way for expansion of open banking and smart data sharing across multiple business sectors.
3 hours
/payments
Berlin-based payment software company Payrails has raised $32 million in Series A funding
4 hours
/crypto
Payments giant Stripe is acquiring crypto wallet infrastructure startup Privy for an undisclosed fee.
14 hours
PayPal is hoping to strengthen the utility of its stablecoin by making it available on the high-speed, low-cost Stellar blockchain network.
Brazilian fintech Matera is joining forces with Circle to turn stablecoins into a payment method integrated into banks' core systems.
/people
NatWest has appointed Dr Maja Pantic as its first chief AI research officer.
11 June 2025
OpenTrade, a provider of yield-bearing stablecoin products for fintechs, has raised $7 million in funding led by Notion Capital and Mercury Fund, with participation from existing investors AlbionVC, a16z crypto, and CMCC Global.
NatWest has announced another 52 branches will shut this year, bringing the banking group's total planned closures to 105.
Norway's Consumer Council has referred Klarna to the country's Consumer Authority over an alleged failure to provide clear details about interest paid on its buy now, pay later products.
Barclays has opened a new innovation hub in London, working with a range of partners from across the tech industry – including Microsoft and Nvidia.
/security
Four industry trade associations have called for significant reforms to how federal financial regulators handle sensitive data following a data breach at the Office of the Comproller of the Currency that exposed over 148,000 private correspondences containing sensitive supervisory information about US financial institutions.
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