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/security

Australian banks launch nationwide Confirmation of Payee scheme

Australia's banks have begun the roll-out of a nationwide Confirmation of Payee programme to help protect customers from being tricked into sending money to criminals.

/crypto

Bitget launches zero-fee crypto card with Mastercard support

Mastercard, Bitget Wallet, and Immersve are launching a zero-fee crypto card that enables users to spend their crypto at more than 150 million merchants globally.

/crypto

Hokkoku and Soft Space to roll out SoftPOS tool that supports stablecoin transactions

Hokkoku Financial Holdings is working with Soft Space to develop a SoftPOS product that enables merchants to accept both contactless card payments and regulated stablecoin payments using only a smartphone or tablet.

/crypto

Circle applies for national trust bank status

Stablecoin firm Circle has applied to create a national trust bank, moving further into the mainstream following its blockbuster IPO last month.

/payments

ECB commits to distributed ledger technology settlement plans

The European Central Bank has agreed to a dual-track strategy for integrating distributeed ledger technology with Target settlement services in the wholesale market.

/startups

AI-led RegTech startup Zango raises $4.8 million

London-based Zango AI has raised $4.8 million to overhaul financial compliance systems with AI agents.

/startups

Fintech M&A picks up pace

Consolidation in the fintech sector is happening at pace, with disclosed deal value for transactions over $100 million in the first half of the year already close to double the total for all of 2024, according to new analysis from investment bank Artis Partners.

/retail

Swedbank acquires digital mortgage brand Stabelo

Swedbank has acquired Stabelo, a tech-led mortgage business with a focus on younger, more digitally-aware customers.

/payments

Yonder launches debit cards

British credit card rewards startup Yonder has launched its first premium debit cards.

/payments

Pan-African card scheme launches

The first Pan-African card scheme has launched in a move designed to bolster the continent's financial sovereignty.

/retail

Natech secures $33 million ahead of launch of Greek digital bank

Greek core banking vendor Natech has completed a Series B capital increase, securing over $33 million in growth funding.

/ai

AI agent running vending machine business has identity crisis

An AI agent running a small vending machine company tried to fire its workers, became convinced it was a real person, and then lied about it in an experiment at Anthropic.