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/people

Revolut taps former SocGen exec as Western Europe Chair

Digital banking giant Revolut has appointed Frederic Oudea, former chief executive at Societe Generale, as chairman for its Western European operations.

/sustainable

Green Fintech Network publishes ‘Theory of Change’ roadmap

The Switzerland-based organisation, the Green Fintech Network, has published The Green Fintech Theory of Change report, outlining how fintech can drive the green transition.

/ai

Ant unit debuts agentic AI payments tech

Ant International's Antom unit has launched an agentic AI payments offering that supports both card-based and alternative methods.

/ai

PayPal gives users early access to Perplexity AI browser

PayPal and Venmo users in some countries are being offered early access to Perplexity's new AI-powered web browser.

/payments

Bank of England and BIS develop off-the-shelf module for analysing ISO 20022 data

The BIS Inovation Hub and the Bank of England have developed a prototype analytical tool to unlock the richer payments data derived from the ISO 20022 payments messaging protocol.

/identity

ID.me hits $2bn valuation on funding to tackle AI fraud

Digital identity wallet ID.me has hit a $2 billion valuation after raising $340 million across a funding round, combined with a credit facility.

/people

Lloyds Bank looks to cut underperforming staff

Lloyds Banking Group is reviewing staff performance metrics with the aim of axing chronic underperformers.

/retail

JPMorgan Chase to launch digital bank in Germany

JPmorgan Chase is to launch its retail digital bank in Germany next year.

/cloud

Revolut signs multi-million dollar deal with Google Cloud

Revolut has signed a multi-year, multi-million dollar deal with Google Cloud to drive global growth.

/crypto

Boerse Stuttgart launches pan-European settlement platform for tokenized assets

Boerse Stuttgart is rolling out Seturion, a pan-European, blockchain-based platform for the settlement of tokenized assets, within and across national borders.

/crypto

Utila triples valuation in six months as stablecoin infrastructure demand triggers extension round

Digital assets operations platform Utila has closed a $22 million Series A extension round, tripling its valuation in just six months as the stablecoin boom continues.

/ai

Banks set to accelerate spend on AI as productivity surges

Lloyds’ Financial Institutions Sentiment Survey finds that UK financial firms are doubling down on AI as producivity surges.