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/regulation

Lunar becomes first provider in Scandinavia to get MiCA crypto license

Nordic challenger bank Lunar has become the first provider in the region to secure a crypto license under the EU’s MiCA regulation.

/retail

Monzo adds built-in tax filing tool

UK digital bank Monzo has rolled out a tool that lets sole traders and landlords file taxes directly to HMRC from their business account.

/ai

Visa launches Trusted Agent Protocol for AI commerce

Visa has become the latest firm to introduce a protocol designed to act as a foundational framework needed to enable AI agents to transact payments on behalf of users and merchants.

/regulation

FCA sets out plan to back tokenisation of investment funds

The UK's Financial Conduct Authority (FCA) has set out plans to support tokenisation in asset management, arguing that the technology can drive innovation and growth in the sector.

/regulation

Revolut faces further UK license delays; acquires AI travel agent

Revolut is reportedly facing further delays in securing a full UK banking licence because of regulators' concerns over the fintech's risk controls relating to cross-border payment. Separately, the firm has acquired an AI travel agent incubated at an innovation hub run by airline Lufthansa.

/wealth

SS&C completes $1bn acquisition of Calastone

Investor services technology provider SS&C Technologies has finalised its purchase of funds processing network Calastone, concluding one of the largest deals between investment management technology firms in recent years.

/startups

UK venture funding reaches multi-year high

Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.

/payments

Wise secures retail payments licence in UAE

UK-based fintech Wise has been granted approval by the Central Bank of the UAE to sell its money transfer and payments services in the Middle East market.

/ai

Mastercard unveils platform to boost payment approval rates

Mastercard has unveiled the Payment Optimisation Platform (POP), a service designed to improve approval rates for merchants using data to make intelligent decisions about transactions.

/wholesale

Shawbrook preps £2bn IPO

UK specialist lender Shawbrook has confirmed that it is planning a November initial public listing on the London Stock Exchange.

/retail

Brazil's PicPay eyes US IPO

Brazilian fintech PicPay is looking to raise up to $500 million in a US initial public offering, according to Bloomberg.

/ai

Microsoft and LSEG renew AI data partnership

The London Stock Exchange Group (LSEG) and Microsoft have announced the next stage of a multi-year partnership that will see the latter's AI technology applied to the exchange group's financial data.