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/crypto

Gemini files for IPO

Gemini, the cryptocurrency platform founded by twins Cameron and Tyler Winklevoss, has filed for an initial public offering, seeking a valuation of up to $2.22 billion.

/payments

Klarna launches debit card in Europe; files for US IPO

Klarna is bringing its debit card to Europe, providing consumers with the option to pay upfront or by installments both instore and online.

/payments

Zopa acquires payments automation firm Rvvup

UK digital bank Zopa has acquired Rvvup, a provider of AI-based checkout payment tools for B2B and B2C transactions.

/security

El Salvador splits bitcoin reserve into multiple wallets to protect from quantum attacks

El Salvador is to split its vast bitcoin reserves into multiple wallets to protect the holdings from a potential future quantum computing attack.

/wealth

Fintech pioneers unite to build bank for high net worth individuals

A group of well-known fintech pioneers behind the likes of Monzo, Starling and Nutmeg are launching a bank for high net worth individuals.

/payments

Bank of England and Accenture deliver on RTGS renewal programme

The Bank of England and Accenture have rebuilt and modernised a core component of the payments infrastructure in the UK, marking a major milestone of a multi-year transformation programme.

/crypto

German digital asset custodian Tangany raises €10 million

Tangany, a BaFin-regulated digital asset custodian preparing for EU-wide expansion under MiCA, has successfully closed a €10 million Series A funding round.

/retail

Revolut preps secondary share sale at $75 billion valuation

Revolut is preparing for another share sale, allowing employees to sell their stock at a $75 billion valuation.

/sustainable

Net Zero Banking Alliance pauses work as bank defections trigger search for new role

Following a wave of defections from major banks, the Net Zero Banking Alliance is to pivot from a membership-based organisation to a 'framework initiative'.

/payments

Wise mulls UK banking licence

Wise is mulling a banking licence application as it builds out the infrastructure for a globally-connected money movement network.

/payments

PayPal faces chaos in Germany after banks shut down payments over security fears

PayPal is working with German banks to resolve outstanding issues that disrupted online payments for millions of consumers last week.

/retail

UK open banking hits 15 million users

More than 15 million people and businesses in the UK - equivalent to nearly one in three adults - used services powered by open banking in July.