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/crypto

Klarna unveils stablecoin

Klarna is launching a dollar-backed stablecoin on the new blockchain from Stripe and Paradigm.

/retail

Swiss banks switch on open banking

Bank customers in Switzerland can now bundle their accounts from various banks into one banking or fintech app following the roll out of the bLink open banking API from SIX.

/people

ABN Amro to axe 5200 staff

ABN Amro is to axe almost a quarter of the workforce over the next three years in an effort to boost profitability under its new CEO

/payments

RTGS.global adds 23 currencies to cross-border payments network

Cross-border payments network RTGS.global has added 23 currencies to its platform, enabling instantaneous settlement between participating financial institutions vis a single API connection.

/retail

Green Dot breaks up as bank and fintech units get separate owners

Green Dot is splitting up, with group's bank and embedded finance units being sold to different buyers.

/retail

Curve shareholder files legal challenge to block £125m Lloyds deal

Lloyds Bank's £125 million acquisition of Curve is facing a legal challenge from the London-based fintech's largest investor.

/startups

AI workflow startup Model ML raises $75 million

Model ML, an AI-based workflow automation startup for deal teams at financial services companies, has raised $75 million in Series A financing just one year after launch.

/crypto

Court complaint alleges Binance founder facilitated payments to Hamas

Changpeng Zhao, the Binance founder recently pardoned by Donald Trump, has been accused in a court complaint filed by relatives of victims of the October 7 attack on Israel of facilitating payments to Hamas.

/retail

Monzo tops 14m customers

UK digital bank Monzo has added another two million customers in the last six months, bringing its total number of individual and business users to 14 million.

/security

Top US banks hit by cyber breach at mortgage tech supplier

Major banks in the US are on high alert after a security breach at SitusAMC, a technology supplier to US mortgage lenders, exposed sensitive customer data and accounting records.

/retail

Revolut achieves $75 billion valuation

Revolut has completed a share sale, valuing the company at $75 billion.

/payments

Pay.com.au raises $53 million for expansion into the US

Australian payments and rewards platform pay.com.au, has finalised a $53 million capital investment to fund an expansion into the US.