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Latest Results from /retail

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GrailPay raises $6.7 million for remedial ACH platform

GrailPay, a risk and data platform for bank payments, has secured $6.7 million in funding to expand its suite of tools that make ACH transactions safer and faster.

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Klarna partners gifting platform Nift for loyalty push

Klarna has partnered AI-powered gifting platform Nift to deliver personally tailored gifts to shoppers to boost customer loyalty.

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Coinbase launches credit card with bitcoin rewards

Coinbase has partnered American Express to launch a credit card that offers up to four per cent bitcoin back on purchases.

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Stablecoin startup Noah raises $22m

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.

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New data access bill paves the way for evolution of open banking to open finance

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.

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Payrails raises $32 million

Berlin-based payment software company Payrails has raised $32 million in Series A funding

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Stripe buys crypto wallet startup Privy

Payments giant Stripe is acquiring crypto wallet infrastructure startup Privy for an undisclosed fee.

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PayPal to bring stablecoin to Stellar Network

PayPal is hoping to strengthen the utility of its stablecoin by making it available on the high-speed, low-cost Stellar blockchain network.

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NatWest appoints first chief AI research officer

NatWest has appointed Dr Maja Pantic as its first chief AI research officer.

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Stablecoin-as-a-Service platform OpenTrade raises $7 million

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.

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NatWest announces further branch closures

NatWest has announced another 52 branches will shut this year, bringing the banking group's total planned closures to 105.

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Klarna reported to Norway's Consumer Authority

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.