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/inclusion

LemFi buys Pillar to expand credit services to immigrants

LemFi, a financial services platform for immigrant communities has acquired UK fintech Pillar to expand its credit services. Terms of the deal were not disclosed.

/retail

Shawbrook Bank owner Pollen Street eyes up takeover of Metro Bank

Shares in Metro Bank have continued to climb in early-morning trading after it emerged that the UK lender may have been lined up for a takeover by private equity firm Pollen Street Capital.

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

/crypto

Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants

Shopify is partnering with Coinbase and Stripe to allow merchants to process stablecoin payments for everyday commerce.

/markets

Offshore bank Aston granted banking license

Guernsey’s last locally-based bank ceased trading in 1996, making Bank Aston the first to be licensed by the Guernsey Financial Services Commission (GFSC) for almost thirty years.

/regulation

Crypto nears systemic risk 'tipping point' - FSB chair

Cryptocurrency could be nearing a point where it poses a system risk to the world's financial system, the outgoing chair of the Financial Stability Board has warned.

/payments

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.

/ai

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.

/crypto

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.

/startups

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.

/retail

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.

/payments

Payrails raises $32 million

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