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/security

Revolut still the worst UK firm for fraud complaints, warns Which?

Revolut has once again recorded the highest number of fraud and scam complaints escalated to the Financial Ombudsman Service (FOS).

/regulation

Nubank applies for US national bank charter

Barzillian digital banking giant Nubank has applied for a US national bank charter, furthering its international expansion ambitions.

/Sibos

Chainlink and UBS demonstrate onchain connectivity with Swift

Demonstrated by UBS, Chainlink has introduced technology that enables financial institutions to use Swift messages to instruct on-chain token transfers, helping the messaging network become interoperable across nearly all blockchain environments.

/payments

More than half of Brits now use mobile wallets

A cash usage continues to dwindle, more than half of Brits now use mobile wallets for online and contactless payments.

/cloud

Bite Investments raises $25m

Bite Investments, a technology provider for the alternative investments sector, has secured $25 million in funding from NewSpring Growth.

/ai

PayOS and Mastercard complete milestone agentic payment transaction

PayOS and Mastercard have completed an autonomos agentic payment transaction using a Mastercard Agentic Token.

/crypto

Stripe and Brex make stablecoin moves

Payments giant Stripe and corporate spend management player Brex have unveiled products that bring stablecoins closer to the mainstream.

/Sibos

Sibos 2025: Why Europe needs the integration of capital markets

In the only Europe-centric session at Sibos in Frankfurt, Swift’s Marianne Demarchi led a conversation titled: “View from the Top: Securing Europe’s financial future - Resilience, autonomy, and global impact.”

/startups

Frank founder Javice sentenced to seven years in prison for defrauding JPMorgan

Charlie Javice has been sentenced to seven years in prison for defrauding JP Morgan Chase in the $175 million deal to buy her fintech Frank.

/Sibos

Sibos 2025: How to build the bank of tomorrow

Following the popular session on building tomorrow’s bank at Sibos 2024, McKinsey’s Megha Kansal moderated a follow-up session on the year’s developments in Frankfurt.

/Sibos

EPAA calls for industry-wide preparation for quantum threats in new report

The Emerging Payments Association of Asia (EPAA) has released a report on how quantum computing will exacerbate the payments fraud landscape, and what financial institutions need to be doing to prepare before quantum slips into the mainstream.

/payments

Visa Direct to pilot pre-funded stablecoins

Visa is promising financial institutions a long-overdue upgrade to the movement of capital in cross-border payments via a pre-funding stablecoin platform.