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Latest Results from /retail

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Stablecoin platform Rain raises $58m

Stablecoin platform Rain has raised $58 million in a Series B funding round led by Sapphire Ventures.

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Google Cloud blockchain to rival Stripe and Circle

Google Cloud’s head of Web3 strategy has been talking up the firm's Universal Ledger Layer-1 blockchain as a "credibly neutral" infrastructure for financial services, contrasting it with rival options from Stripe and Circle.

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TransUnion data breach hits 4.4 million consumers

Credit bureau TransUnion has gone public on a data breach that exposed the personal information of more than 4.4 million consumers.

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Revolut and Monzo go head-to-head with interest bearing savings accounts for kids

Revolut is launching an Instant Access Savings accounts for kids and teens aged 6-15 with market-beating rates of up to 4.5% AER

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ANZ staff learn of their dismissal in botched email

Senior staff in the retail division of ANZ learned of their forthcoming redundancy when they received an automated e-mail asking them to return their work laptops, before they had received any formal exit notice.

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Swedbank buys Barclays' stake in Entercard

Swedbank is to acquire Barclays’ ownership stake in Nordic card company Entercard for $275 million

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Wealthsimple buys investment research platform Fey

Canada's Wealthsimple has acquired investment research platform Fey. Financial terms of the deal were not disclosed.

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N26 bids to quell investor unrest with appointment of ex-central banker as chair

N26 is bringing in a former Bundesbank executive board member to lead its supervisory board, with current chair Marcus Mosen becoming co-CEO following the recent exit of founder Valentin Stalf.

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Finastra and Circle bring stablecoin settlement to cross-border payments

Finastra has teamed up with Circle to help banks integrate stablecoin settlement into their cross-border payment flows.

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Customers fume as HSBC goes down

HSBC is scrambling to fix glitches in its mobile and online banking systems that have presented customers with error messages, missed payments and inaccurate account information.

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NatWest branch manager who stole £344,000 from ATMs given suspended sentence

A NatWest bank branch manager who stole £344,000 from cash machines over an eight year period to fuel his gambling addiction has been spared jail.

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UK watchdog warns of rise in fake FCA scams

The Financial Conduct Authority is warning consumers to be on the look-out for fake FCA scams after being inundated with reports of bogus emails and calls from fraudsters impersonating the regulatory body.