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/crypto

Coinbase launches stablecoin payments service

Coinbase has launched a stablecoin payments stack to make it easier for online merchants around the world to accept USDC.

/startups

Payment infrastructure startup Polar raises $10 million

Polar, a fintech startup building payment infrastructure for AI-native SaaS companies, has raised a $10 million Seed round.

/crypto

Visa says every institution that moves money will need a stablecoin strategy

Visa is upping it game in the stablecoin market, expanding its settlement capabilities in the Europe, Middle East, and Africa (CEMEA) region to enable USD cross-border transactions through blockchain technology.

/ai

Cube buys AI operational risk provider Acin

London-based RegTech Cube has acquired operational risk AI and technology provider Acin. Financial terms were not disclosed.

/crypto

Highnote partners BVNK for 24/7 stablecoin funding for card programmes

Card issuance and embedded finance platform Highnote has enlisted BVNK to launch real-time 24/7 stablecoin-based funding for card programmes.

/payments

Lunar migrates to Visa-owned cloud-native platform Pismo; adopts Wise platform

Nordic challenger bank Lunar is to begin processing Visa cards over a cloud-native core banking platform provided by Pismo.

/payments

Tensec raises $12m to become Stripe for global trade

Tensec, a startup founded by ex-Rapyd, Meta, and Goldman Sachs executives, has raised $12 million in seed funding to take on the $190 trillion B2B cross-border payments market.

/payments

Klarna offers users mobile plans

Klarna is the latest financial services provider to enter the mobile market, working with Telecom-as-a-Service platform Gigs to launch a phone plan in a host of major markets, beginning with the US.

/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.

/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.

/payments

Payabli raises $28M Series B

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

/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.