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UBS employee details leaked in cyberattack on data provider Chain IQ

/security

UBS employee details leaked in cyberattack on data provider Chain IQ

Swiss bank UBS has fallen victim to a cyberattack at a vendor that leaked the personal details of tens of thousands of employees.

JPMorgan rises to stablecoin challenge with roll out of deposit token

/payments

JPMorgan rises to stablecoin challenge with roll out of deposit token

JPmorgan's response to the rising interest in stablecoins is to launch its own rival token, called JPMD.

Payabli raises $28M Series B

/payments

Payabli raises $28M Series B

Embedded payments platform Payabli has closed on a $28 million Series B funding round.

Bank of England accused of 'blundering' to security disaster as hundreds of laptops go missing

/security

Bank of England accused of 'blundering' to security disaster as hundreds of laptops go missing

The Bank of England has been castigated for losing hundreds of laptops and phones amid an escalating cyber threat.

Frich launches tool that estimates anyone’s salary from Instagram posts

/retail

Frich launches tool that estimates anyone’s salary from Instagram posts

Gen Z-focused social finance app Frich has rolled out an AI-powered "financial reality check" feature that claims to reveal what people earn based on their Instagram profiles.

Payments platform Unzer joins EPI for Wero wallet push

/payments

Payments platform Unzer joins EPI for Wero wallet push

Berlin-based payments platform for SMEs Unzer has joined the European Payments Initiative (EPI) to support the roll out of the Wero digital wallet.

Paddle to pay $5m to settle FTC tech support scam claims

/regulation

Paddle to pay $5m to settle FTC tech support scam claims

UK Fintech Paddle will pay $5 million to settle US allegations of unfair payment processing practices.

Ramp aiming for $16 billion valuation on $200 million fund raise

/payments

Ramp aiming for $16 billion valuation on $200 million fund raise

Expense management startup Ramp is in discussions to raise around $200 million in a round of funding that would lift its valuation to about $16 billion.

London fintech for immigrant communities Aspora raises $53 million

/startups

London fintech for immigrant communities Aspora raises $53 million

London fintech Aspora has raised $53 million in Series B funding, furthering its mission to build a financial ecosystem tailored to the unique needs of diaspora communities.

Fintech sector braces for wave of M&A

/startups

Fintech sector braces for wave of M&A

After more than a decade of growth and hundreds of funded companies, European fintech is no longer a startup story — and the stage is set for a wave of strategic acquisitions over the next two to three years according to Victor Basta, managing partner at investment bank Artis Partners.

Sabadell weighs sale of TSB

/retail

Sabadell weighs sale of TSB

Spain's Banco Sabadell says it has received expressions of interest from potential buyers for a takeover of UK subsidiary TSB.

Alipay embeds payments into AR glasses

/payments

Alipay embeds payments into AR glasses

Alipay has integrated QR code payments into augmented reality glasses from Chinese outfit Rockid to enable users to pay for products instore by looking at the label.

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