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/retail

LHV survey: Digital banks should pass savings from not operating physical branches to consumers

As the cost-of-living crisis continues, new research from LHV Bank reveals that 46% of UK adults are struggling to save regularly, despite reported income increases for nearly a third of the population.

/markets

Circle shares soar on Nyse debut

Shares in stablecoin issuer Circle soared by more than 150% on its New York Stock Exchange debut.

/ai

Meta taps Klarna for 'Play Now, Pay Later' headset offer

Meta has teamed up with BNPL firm Klarna to launch a 'Play Now, Pay Later' bundle for its mixed reality headsets in the UK.

/ai

Bank of England tests AI to spot real-time payment fraud

A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a number of limitations to its efficacy.

/markets

Money 20/20: A spotlight on the fintech reopening access to African markets

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.

/devops

Money20/20: Is the future quantum-ready?

While AI is a buzzword in the fintech space, quantum is being heard more and more frequently in the sector. But what will it accomplish, and more importantly, is the financial services industry ready for it?

/people

Citi to lay off 3500 tech staff in China

Citi is to lay off 3500 tech staff in China as part of a major revamp of the bank's global operations.

/sustainable

Money20/20: Building a net zero bank

Can a bank be fully net zero? And where can climate-conscious consumers turn to make ethical, sustainable payments?

/cloud

CommBank completes 100% AWS data migration

Australia's CommBank, has completed the migration of 100% of its data to AWS in a bid to accelerate the deployement of AI across the bank.

/payments

Wise to move primary listing to the US

Money transfer behemoth Wise is to move its primary listing to the United States, in a fresh blow to the London Stock Exchange.

/ai

Liberis builds AI underwriting agent

Embedded business finance platform Liberis has launched a proprietary AI underwriting agent built to boost accuracy and slash decision times.

/inclusion

NY legislature passes Statewide cash law

A bill banning retailers from refusing to accept cash payments has passed both houses of the New York State Legislature.