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/retail

Citizens delivers open finance payment features and direct deposit tools

In an exclusive interview with Finextra, Chris Powell, head of deposits and customer engagement at Citizens, reveals how open finance has powered simpler switching and streamlined mobile payments.

/payments

Deutsche Bank to offer Wero payment acceptance

Deutsche Bank's Merchant Solutions business is integrating Wero into its payments acceptance offering ahead of the mobile wallet's launch in Germany.

/regulation

Europe must provide more support for stablecoins or face subservience to the US dollar

Jürgen Schaaf, an economist and advisor to the European Central Bank's Market Infrastructure and Payments division, says more support should be provided for properly regulated euro-denominated stablecoins to ward off the threat posed by US dollar-backed tokens.

/people

Revolut kicks off recruitment drive in Western Europe

Revolut has kicked off a recruitment drive for 400+ roles in Western Europe after announcing plans to invest more than $1 billion to establish a new HQ in France over the next three years.

/security

Mastercard unveils A2A Protect in the UK

Mastercard is rolling out A2A Protect in the UK, a new service designed to help banks protect consumers from account-to-account payment fraud and resolve disputes.

/ai

No AI? No exit, says investment bank Artis Partners

Fintechs that fail to embed AI into their operating model will find it increasingly difficult to orchestrate an exit, according to investment bank and tech advisory firm Artis Partners.

/retail

NatWest adopts Pexa digital remortgage platform

NatWest has agreed a deal with vendor Pexa to start carrying out digital remortgage deals from next year.

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A viral TikTok scam earlier this month saw more than $17 million withdrawn from ATMs in New York in just three days.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