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/identity

India to add biometric authentication for UPI payments

Indians will be able to authenticate payments made through the country's Unified Payments Interface via facial recognition or fingerprints, according to Reuters.

/people

OpenAI acquires AI-powered personal investing app

OpenAI has acquired AI-powered personal finance app Roi in a deal that secures the services of the latter's CEO Sujith Vishwajith.

/inclusion

NatWest invests in JS Group to deliver student financial support

JS Group currently disperses funds such as bursaries, scholarships and other financial support to students.

/ai

Moody’s warns slow AI adoption could erode margins and market share

Artificial intelligence is no longer just a technology; it’s a credit risk. That’s the message from Moody’s Ratings in its latest update to the AI Corporate Heatmap, which assesses the impact of AI advances on corporate creditworthiness through 2030.

/regulation

Esma to take on oversight of crypto and stock exchanges

The EC is planning to move regulation of cryptocurrency firms, stock exchanges and clearing houses from national watchdogs to the European Securities and Markets Authority (Esma).

/payments

Lloyds’ barcode cash paying-in app feature proves a hit

Lloyds says the barcode cash paying-in app feature it launched in August has already been used to pay in over £3 million at PayPoint high street locations.

/payments

Yup raises $32m for Southeast Asian digital bank

Southeast Asian digital bank digital bank Yup has raised $32 million to build the region's version of Brazilian giant Nubank.

/retail

Monzo to consider reapplying for US banking licence - FT

UK-based neobank Monzo is reportedly set to resume its effort to break into the US banking sector.

/people

Indian banks make CEO appointments

Two major Indian banks have respectively appointed new chief executives.

/startups

Ukrainian fintech reaches unicorn status

Ukraine's financial services market is celebrating another unicorn after Fintech-IT Group, the tech company behind the one of the country's most popular online banking service, received an investment to push its valuation beyond $1bn.

/security

Cybersecurity concerns on the rise for consumers

A majority of consumers believe it is harder to secure their information on digital platforms than their physical homes, according to recently published research.

/crypto

Walmart's OnePay to add crypto services

Walmart-backed fintech OnePay is working with Zerohash to bring cryptocurrency trading and custody to its app, according to CNBC.