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/retail

Revolut applies for banking licence in New Zealand

Revolut has applied to become a registered bank in New Zealand.

/startups

Berlin-based WealthTech startup NAO raises €3.4 million

Berlin-based WealthTech startup NAO has raised €3.4 million in a seed funding round from various family offices, private investors and existing investors, including FinTech veteran Jakob Schreyer and VC Zeitgeist X Ventures.

/payments

Lunar creates standalone enterprise payments business

Nordic challenger bank Lunar is stepping up its BaaS efforts, shifting its banking services division into a new standalone entity called Moonrise.

/people

Trump taps ex-PayPal COO Sacks as crypto and AI czar

Donald Trump says he is appointing former PayPal chief operating officer David Sacks as "White House AI and Crypto Czar".

/sustainable

Why sustainable finance needs more consistent policies

Following the 2022 Biodiversity Conference of Parties, the world has been trying to follow the ambitious Global Biodiversity Framework agreement. Recently, they reconvened for the COP16 event in Cali where the focus was on further agreements, resources and plans to ensure the GBF’s success by 2030. At the event, there were some successes and some pitfalls.

/ai

Zopa raises £68 million in equity funding

The funding will support growth ahead of the launch of Zopa's flagship current account and GenAI proposition in 2025.

/crypto

US explores feasibility of settlement network for multi-asset transactions

The proof-of-concept of what has been dubbed the Regulated Settlement Network (RSN) showcased the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of US dollars and regulated securities.

/crypto

Latvia offers fast-track pre-approval for MiCA compliance

The central bank of Latvia is bolsterings its credentials as a fintech innovation hub by launching free pre-licencing consultations for crypto-asset service providers looking to pursue the EU MiCA licence.

/people

Trump picks Shift4 chief Isaacman as next head of Nasa; Fiserv head Bisignano to run social security

Donald Trump has appointed two prominent fintech CEOs from the payments industry to key roles in his administration.

/payments

Mambu acquires French payments player Numeral

Cloud-based core banking vendor Mambu has acquired Paris-based banking aggregation and payment automation platform Numeral.

/payments

Cash use in the UK rises for second year in a row

Cash usage rose for the second time in a year in the UK as consumers resorted to handing over notes and coins at the till to better aid budgeting.

/retail

Santander launches online pension plan with up to £1000 cashback offer

Banco Santander has launched a Self-Invested Personal Pension (Sipp) plan in the UK, with a £1000 cashback offer to people investing over £100,000.