/payments
A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.
10 July 2025
/wholesale
Deutsche Bank has gone live with Swift’s new API-driven Instant Cash Reporting (ICR) tool for accessing real-time account and balance information with a single, standardised connection.
/wealth
Alternative investment platform iCapital has raised over $820 million at a valuation of more than $7.5 billion.
/crypto
Ant International, is evaluating the possibility of applying for stablecoin licenses in several countries, according to comments made during the Reuters Next Conference in Singapore.
/retail
Revolut is looking to raise a new funding round that would give it a $65 billion valuation, according to the Financial Times.
US fintech Alpaca is to acquire the UK's WealthKernel, a provider of digital investment infrastructure and tax-advantaged products for businesses.
/regulation
Money transfer giant Wise has been hit with a $4.2 million fine from multiple US state regulators over deficiencies in its anti-money laundering controls.
Project Acacia, a joint initiative between the Reserve Bank of Australia and Digital Finance Cooperative Research Centre (DFCRC), has selected 14 participants to undertake trials of tokenised asset settlement in financial markets.
/ai
Irish lender AIB is deploying Microsoft Copilot to provide 100,000 staff with access to enterprise-grade AI tools.
/markets
Moment has raised $36 million in Series B funding led by Index Ventures for its platform automating trading and portfolio management workflows for fixed income teams.
Ripple has chosen Bank of New York Mellon as primary custodian for its US dollar-pegged stablecoin reserves.
The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix problems in its risk management framework.
09 July 2025
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