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/retail

Brazil's QI Tech hunts acquisitions after $63m raise

Brazilian financial infrastructure fintech QI Tech has raised $63 million in a Series B extension funding led by General Atlantic.

/crypto

Visa adds settlement support for more stablecoins

Visa is expanding its backing for stablecoins, adding settlement support for three more coins as well two new blockchains.

/payments

Payroc agrees to buy BlueSnap

North American merchant acquirer and payment technology provider Payroc has agreed to acquire payment orchestration and AR automation platform BlueSnap. Financial terms were not disclosed.

/startups

Revolut alumnus extends Seed round to €6.3 million to grow payments network

Due, a payment startup founded by Revolut alumni, has extended its Seed round to €6.3 million to launch a new API platform encompassing stablecoin payments.

/retail

Starling revaluation jump starts shares in Chrysalis

Shares in growth capital fund Chrysalis jumped by 10% on a significantly upgraded valuation of portfolio company Starling Bank.

/regulation

FCA seeks improvement to digital loan processes

The UK's Financial Conduct Authority has called for improvements in digital loans processes to help people better understand what they're signing up for.

/ai

RBC taps proprietary AI model for credit decisions

Royal Bank of Canada is using its own proprietary AI foundation model to improve credit adjudication capabilities and loyalty programme personalisation.

/payments

Canada's Real-Time Rail set for testing phase

The technical build for Canada's Real-Time Rail (RTR) payments system is almost complete, with testing set to be carried out in autumn ahead of launch.

/markets

Thoma Bravo buys stake in Trading Technologies

Private equity giant Thoma Bravo has bought a stake in capital markets tech provider Trading Technologies (TT).

/ai

Ramp closes second raise in 45 days as AI fuels growth

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.

/crypto

JPMorgan to let Chase customers link accounts to Coinbase crypto wallets

Millions of Chase customers will soon be able to directly link their accounts to Coinbase wallets, making it easier than ever for huge swathes of Americans to buy crypto.

/people

Santander slashes 2000 jobs in the UK

Banco Santander has slashed 2000 jobs in the UK as part of ongoing cost-saving measures.