clear
clear

/regulation

UK competition authority takes on Apple over digital wallets

The UK's Competition and Markets Authority (CMA) says it will take action to ensure Apple opens up restrictions on fintechs offering their own digital wallets on iPhones.

/markets

BNY taps Goldman Sachs blockchain platform to tokenize Money Market Funds

The Bank of New York Mellon is to employ blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select Money Market Funds (MMFs), opening up the transferability of existing MMF shares.

/payments

PayPal unveils integration with domestic wallets across the world

PayPal has unveiled a series of global partnerships that will connect many of the world’s largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo.

/retail

NatWest hires AWS and Accenture to consolidate customer data across the bank

NatWest has signed a five-year deal with Amazon Web Services and Accenture to consolidate its customer data streams into a single, bank-wide data platform, enabled by AI.

/startups

Banxware co-founder launches credit infrastructure platform

Berlin-based startup Credibur has secured $2.2 million in pre-seed funding to launch its credit infrastructure platform.

/crypto

PNC partners Coinbase to bring crypto services to clients

PNC Bank has struck a deal with Coinbase to bring crypto services to the Main Street lender's clients and institutional investors.

/inclusion

Equifax Australia and Mastercard use open banking to boost credit access

Equifax and Mastercard are using open banking data to boost credit access for millions of Australians with limited or no credit history.

/crypto

Bitget Wallet partners MoonPay for stablecoin-to-fiat offramp

Bitget Wallet has partnered MoonPay to launch a fiat withdrawal feature that allows users to convert stablecoins directly into cash.

/payments

Stripe joins forces with payments API provider Orum

Stripe is bringing in Stephany Kirkpatrick, the founder and CEO of payments orchestration firm Orum. Financial terms were not disclosed.

/crypto

JPMorgan could start lending against clients' crypto - FT

JPMorgan Chase could start lending against its clients' cryptocurrency holdings, according to the Financial Times.

/startups

Monzo and Starling co-founder invests in UK fintech startup Monet

Monet, a financial cashflow startup targetting the creative industry sector, has secured an early-stage funding commitment of £17 million led by prominent UK banking executives ahead of closing its seed round this July.

/payments

Nordea taps Mynt to roll out an expanse management system for SMEs across the Nordics

Swedish fintech Mynt has been selected by Nordea, the largest bank in the Nodics, to launch a business credit card and spend management service for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland.