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/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.

/retail

Frich launches tool that estimates anyone’s salary from Instagram posts

Gen Z-focused social finance app Frich has rolled out an AI-powered "financial reality check" feature that claims to reveal what people earn based on their Instagram profiles.

/payments

Payments platform Unzer joins EPI for Wero wallet push

Berlin-based payments platform for SMEs Unzer has joined the European Payments Initiative (EPI) to support the roll out of the Wero digital wallet.

/regulation

Paddle to pay $5m to settle FTC tech support scam claims

UK Fintech Paddle will pay $5 million to settle US allegations of unfair payment processing practices.

/payments

Ramp aiming for $16 billion valuation on $200 million fund raise

Expense management startup Ramp is in discussions to raise around $200 million in a round of funding that would lift its valuation to about $16 billion.