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/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

/crypto

Trump expected to sign stablecoin regulation Genius Act into law

This week, the US House of Representatives also passed the Clarity Act and Anti-CBDC Surveillance State Act.

/regulation

FCA sets out BNPL oversight proposals

The UK's Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

/ai

OpenAI tests in-chat payment checkout system

OpenAI is planning to integrate a payment checkout system into ChatGPT in a bid to boost revenues, according to the Financial Times.

/people

AIB promotes CTO to COO amid tech reorganisation

Graham Fagan has been named as the new chief operating officer (COO) at Irish bank AIB.

/markets

Wise shares fall after Q1 earnings miss analysts' forecast

UK fintech Wise is counting the cost of falling short of analysts' expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.

/startups

French startup Spiko raises $22m

Paris-based fintech Spiko has pulled in $22m after completing a series A funding round.

/wholesale

US Bank completes first fully digital trade finance transaction

US Bank has completed its first trade finance collection transaction using the WaveBL electronic trade documentation platform.

/ai

Anthropic unveils Claude for Financial Services

Anthropic, the AI startup backed by Amazon and Google, has launched a tool to help finance professionals analyse markets, conduct research, and make investment decisions with its Claude models.

/regulation

Barclays fined £42m over money laundering risk failures

Barclays Bank has been fined £42 million by the Financial Conduct Authority for two cases of "poor handling" of money laundering risks.

/payments

Activist investor builds stake in Global Payments

Global Payments shares rose on Wednesday after media reports that activist investor Elliott Management has built up a stake in the fintech.

/crypto

Wall Street names announce stablecoin plans

Two of the biggest names on Wall Street are seemingly about to enter the stablecoin market based on comments made by their senior executives.