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Latest Results from /retail

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28m Brits use AI tools to help manage their money - Lloyds

More than half of UK adults have used artificial intelligence in the last year to help them manage their money – making personal finance the nation’s number one use of AI, according to research from Lloyds.

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Judge temporarily blocks CFPB open banking rule

A US judge has granted a preliminary injunction that temporarily blocks enforcement of the Consumer Financial Protection Bureau's open banking rule.

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Coinbase and Tink bring Pay by Bank crypto payments to Germany

Coinbase is teaming up with Visa-owned open banking specialist Tink to enable crypto purchases via Pay by Bank in Germany.

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SavvyMoney scores $225m investment

SavvyMoney, a provider of financial wellness tech to banks, credit unions and fintechs, has secured a $225 million minority investment.

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Digital euro could get 2027 pilot ahead of 2029 launch

The European Central Bank says it could launch a digital euro pilot in 2027 ahead of a 2029 launch for the CBDC.

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Mastercard closes in on $2bn deal to buy crypto firm Zerohash - report

Mastercard is in late-stage talks to buy crypto and stablecoin infrastructure platform Zerohash for up to $2 billion, according to Fortune.

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Monzo taps former Google exec Layfield to replace CEO Anil

Former Google and Standard Chartered executive Diana Layfield has been appointed CEO of UK digital bank Monzo, taking over from TS Anil, who is stepping down after five years in the role.

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MS Azure outage raises questions over cloud dependencies

The spotlight has once again been shone on the prominent role played by a small number of cloud computing providers after an outage suffered by Microsoft's Azure platform

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Ubank expands passkeys to online banking

National Australia Bank's digital unit Ubank has become the country's first lender to offers customers the option to ditch passwords in favour of passkeys for both app and online banking.

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Wealthsimple raises C$750m at C$10bn valuation

Canada's Wealthsimple has raised C$750 million at a post-money valuation of C$10 billion in a funding round led Dragoneer Investment Group and GIC.

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Pakistan startup raises $13m for stablecoin launch

ZAR, a Pakistan-based startup, has secured $12.9m from venture capital firm Andreesen Horowitz to finance its ambition to bring stablecoins to Pakistan's unbanked.

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Western Union to launch stablecoin

More than 150 years after introducing its money transfer service, Western Union is launching its own stablecoin.