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Latest Results from /payments

/payments

Government vows to make UK 'fintech capital of the world'

The UK government is promising bespoke support for financial technology firms as they start, scale and list as it vows to make the country the "fintech capital of the world".

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BofE sets out model for delivering National Payments Vision

The UK is overhauling its approach to retail payments infrastructure, with a greater role for the Bank of England and the creation of a new industry-led delivery company to work alongside Pay.UK.

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Rydoo buys accounts payable automation specialist Semine

Expense management provider Rydoo has acquired AI-powered accounts payable automation technology provider Semine. Financial terms were not disclosed.

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JP Morgan to charge fintechs for customer data

Fintechs wanting access to banks' customers' data may have to pay for the privilege, according to a report from Bloomberg on US bank JP Morgan.

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Lloyds Bank in talks to acquire Curve - Sky News

The UK's largest high street bank is reportedly in talks to buy digital wallet provider Curve.

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Bilt hits $10.75bn valuation

Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion.

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Judge dismisses antitrust suit against Apple, Visa and Mastercard

A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.

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Ant International takes aim at stablecoins; integration with USDC on the cards

Ant International, is evaluating the possibility of applying for stablecoin licenses in several countries, according to comments made during the Reuters Next Conference in Singapore.

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Wise hit with $4.2 million fine by multiple US states for AML deficiencies

Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.

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Australia to commence multiple trials of tokenised asset settlement and CBDC

Project Acacia, a joint initiative between the Reserve Bank of Australia and Digital Finance Cooperative Research Centre (DFCRC), has selected 14 participants to undertake trials of tokenised asset settlement in financial markets.

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Bank of England fines Vocalink over compliance failure

The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.

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Revolut lets customers send money to China via Alipay

Revolut is targeting the $48 billion Chinese remittance market through a partnership with Ant International.