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/payments

Square joins S&P 500

Shares in Block rose on Monday as the Jack Dorsey-founded fintech joined the benchmark S&P 500 index.

/wealth

Monzo migrates investment accounts to Seccl

Monzo is to migrate its investment and pension product portfolio to Octopus-owned embedded investment platform Seccl.

/ai

CaixaBank develops an AI agent to help customers explore products in the app

CaixaBank has launched a generative AI-based agent to help users of it mobile banking application learn details about products, compare the different available options, and choose which one best suits their needs.

/crypto

ECB accelerates digital euro preparation work

The European Central Bank is accelerating work on a digital euro to keep up with the "ambitious pace" set by EU leaders as the project's urgency increases in the face of geopolitical challenges including an increasingly hostile United States under Donald Trump.

/crypto

Coinbase makes superapp play

Crypto platform Coinbase has rebranded its Wallet app as Base, consolidating payments, trading, chat and social features into a single, blockchain-based 'superapp'.

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

/crypto

Trump expected to sign stablecoin regulation Genius Act into law

This week, the US House of Representatives also passed the Clarity Act and Anti-CBDC Surveillance State Act.

/regulation

FCA sets out BNPL oversight proposals

The UK's Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

/ai

OpenAI tests in-chat payment checkout system

OpenAI is planning to integrate a payment checkout system into ChatGPT in a bid to boost revenues, according to the Financial Times.

/people

AIB promotes CTO to COO amid tech reorganisation

Graham Fagan has been named as the new chief operating officer (COO) at Irish bank AIB.

/markets

Wise shares fall after Q1 earnings miss analysts' forecast

UK fintech Wise is counting the cost of falling short of analysts' expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.

/startups

French startup Spiko raises $22m

Paris-based fintech Spiko has pulled in $22m after completing a series A funding round.