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Australians embrace digital banking as digital wallet use surges

/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.

PayPal to bring 100 AI and data science jobs to Dublin

/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.

FS firms turn to agentic AI for compliance operations

/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.

Anthony Thomson to launch new global wealth bank

/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.

Samsung Wallet adds in-store instalment payments

/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.

Mastercard launches AI card design platform

/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.

UAE usurps UK in global fintech rankings

/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.

Clear Junction adds support for on-chain stablecoins

/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.

Lightyear eyes AI opportunity on $28 million fund raise

/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.

Interledger Protocol targets interoperable stablecoins

/crypto

Interledger Protocol targets interoperable stablecoins

The Interledger Foundation (ILF) is extending its efforts to promote the creation of an interoperable payments network to include stablecoins.

TPG and Bluecode launch pan-European mobile payment service

/payments

TPG and Bluecode launch pan-European mobile payment service

The Payments Group (TPG), has become the first pan-European issuer of the Bluecode scheme, giving people across the continent access to a prepaid-based mobile payment alternative to Visa and Mastercard.

Fiserv acquires part of TD's Canadian merchant business

/payments

Fiserv acquires part of TD's Canadian merchant business

Canada's TD Bank is selling part of its merchant processing business to Fiserv as part of a wider agreement with the US payments giant.

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