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/retail

Curve shareholder files legal challenge to block £125m Lloyds deal

Lloyds Bank's £125 million acquisition of Curve is facing a legal challenge from the London-based fintech's largest investor.

/startups

AI workflow startup Model ML raises $75 million

Model ML, an AI-based workflow automation startup for deal teams at financial services companies, has raised $75 million in Series A financing just one year after launch.

/crypto

Court complaint alleges Binance founder facilitated payments to Hamas

Changpeng Zhao, the Binance founder recently pardoned by Donald Trump, has been accused in a court complaint filed by relatives of victims of the October 7 attack on Israel of facilitating payments to Hamas.

/retail

Monzo tops 14m customers

UK digital bank Monzo has added another two million customers in the last six months, bringing its total number of individual and business users to 14 million.

/security

Top US banks hit by cyber breach at mortgage tech supplier

Major banks in the US are on high alert after a security breach at SitusAMC, a technology supplier to US mortgage lenders, exposed sensitive customer data and accounting records.

/retail

Revolut achieves $75 billion valuation

Revolut has completed a share sale, valuing the company at $75 billion.

/payments

Pay.com.au raises $53 million for expansion into the US

Australian payments and rewards platform pay.com.au, has finalised a $53 million capital investment to fund an expansion into the US.

/crypto

Crypto firm KuCoin integrates with Brazil's Pix

Crypto platform KuCoin has integrated its payments arm with Brazil's instant payments platform PIX.

/regulation

FCA moves to streamline transaction reporting requirements

The UK's Financial Conduct Authority has set out plans to streamline transaction reporting requirements in a move it says will save firms £100 million a year.

/ai

OCC rolls out AWS GenAI tech

The Options Clearing Corporation (OCC) has rolled out Amazon Web Services generative AI technology to streamline development workflows.

/crypto

Bitcoin plummets, cryptocurrencies lose $2 billion in liquidations

Bitcoin is steadily plummeting, heading towards its worst performance since 2022’s crypto winter.

/ai

UK Government announces billions in AI investment ahead of Budget

The UK Department for Science, Innovation, and Technology announced billions of pounds in investments for AI innovation on Thursday.