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/markets

Robinhood takes on WallStreetBets with social platform

Trading app Robinhood is bidding to usurp the likes of Reddit and X as the place to be for users to post about their trades, takes and market commentary.

/payments

FCA consults on proposals to scrap contactless limits

The UK's Financial Condut Authority is consulting on proposals to raise contactless limits for larger payments.

/wealth

Scalable Capital is now a bank

Digital wealth management platform and online broker Scalable Capital has been granted authorisation by the ECB to conduct deposit and lending business as a fully-fledged bank.

/payments

Revolut introduces Pay by Bank option

Revolut is preparing for the next generation of merchant payments with the launch of a Pay by Bank option, avoiding card networks and sucking payments directly from consumer bank accounts.

/payments

Klarna goes to market with elevated price tag

BNPL giant Klarna has priced its IPO at $40.00 per share, providing an elevated valuation of $15 billion.

/security

Most SMEs would pay for a Digital Company ID service

More than eight in ten of UK small and medium-sized enterprises (SMEs) would be willing to pay for a Digital Company ID service, according to research commissioned by the Centre for Finance, Innovation and Technology (CFIT).

/crypto

EasyJet founder launches bitcoin app

The founder of low-budget airline easyJet is entering the crypto sector through the launch of an easyBitcoin app.

/payments

Embedded payment platform Rainforest raises $29 million

Rainforest, an embedded payment provider purpose-built for software platforms, has raised an oversubscribed $29 million Series B funding round led by Matrix Partners and Infinity Ventures with participation from Accel and Tech Square Ventures.

/payments

Mastercard launches On-Demand Decisioning tool

Mastercard has moved to give financial institutions more control over authorisation decisions through the launch of the On-Demand Decisioning (ODD) tool.

/crypto

BNP Paribas and HSBC join Canton Foundation

BNP Paribas and HSBC are the latest financial services giants to join the foundation behind the Canton Network blockchain platform for tokenised assets.

/crypto

BBVA Spain taps Ripple for digital asset custody services

Ripple has signed an agreement with BBVA to provide its digital asset custody technology to the Spanish bank.

/people

ANZ to cut 3500 jobs

ANZ is to cut 3500 jobs over the next 12 months, marking a 14% reduction in the Austrlian lender's workforce.