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/retail

$17 million taken in TikTok ATM scam

A viral TikTok scam earlier this month saw more than $17 million withdrawn from ATMs in New York in just three days.

/cloud

CME completes first phase of testing on Google Cloud

Trading venue CME Group has revealed more about its plan to introduce tokenisation services via its link up with Google Cloud

/wealth

SS&C acquires funds network Calastone in $1bn deal

Investment funds processing network Calastone has been bought by US-based funds servicing firm and software vendor SS&C Technologies in a deal worth £776m ($1.03bn).

/payments

Australians embrace digital banking as digital wallet use surges

Australian consumers are adopting digital banking services in increasing numbers with 99.3% of transactions taking place over digital channels, including A$160bn in payments made via mobile wallets.

/ai

PayPal to bring 100 AI and data science jobs to Dublin

PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.

/ai

FS firms turn to agentic AI for compliance operations

The majority of global financial institutions are actively implementing agentic AI in order to improve their compliance operations, according to research from Fenergo.

/startups

Anthony Thomson to launch new global wealth bank

Anthony Thomson, the founder of Metro Bank and Atom Bank, is seeking to shake up the private banking market with the creation of a new international bank to serve family offices and ultra high-net-worth individuals.

/payments

Samsung Wallet adds in-store instalment payments

Samsung has teamed up with Splitit to let users of its mobile wallet use their existing credit to split in-store payments into instalments.

/ai

Mastercard launches AI card design platform

Mastercard has launched an AI-based design tool to help issuers create payment cards with the click of a button.

/startups

UAE usurps UK in global fintech rankings

The UK has been pushed into third place in global fintech rankings for the first time following a strong showing by the UAE.

/crypto

Clear Junction adds support for on-chain stablecoins

Embedded payments platform Clear Junction has launched a new on-chain stablecoin transfer service, the first product in a wider suite of digital asset services under development to meet increasing demand from fintechs, payment service providers (PSPs), and regulated financial institutions.

/wealth

Lightyear eyes AI opportunity on $28 million fund raise

Investment firm Lightyear has closed a $23 million Series B funding round as it eyes opportunities to bring artificial intelligence to it platform.