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/payments

PayNearMe raises $50m

PayNearMe, a fintech targeting non-commerce businesses and their customers, has secured $50 million in Series E funding from Atlantic Vantage Point.

/retail

Lloyds deploys Broadcom tech to support data centre consolidation

Lloyds Banking Group will deploy VMware Cloud Foundation from Broadcom to support its data centre consolidation strategy.

/security

Singapore to ban access to banking services and mobiles for convicted scammers

Singapore is introducing new rules that will restrict access to banking services and mobile phone lines for convicted scam mules.

/ai

HSBC Private Bank to equip client-facing staff with AI

HSBC Private Bank is to roll out OpenAI's Large Language Model to client facing staff, investment counsellors and product specialists to provide quality market insight and personalised investment strategies to high net worth customers.

/ai

WorkFusion raises $45m for financial crime compliance AI agents

WorkFusion, a fintech building AI agents for financial crime compliance, has raised $45 million in a funding round led by Georgian.

/crypto

Santander's Openbank rolls out crypto trading in Germany

Santander's digital offering Openbank has begun letting its German customers buy, sell and hold cryptocurrency.

/markets

Robinhood unveils fund to give retail investors access to private markets

Trading app Robinhood is launching a fund designed to give retail investors access to private markets.

/crime

Fraud prevention platform Seon raises $80m

Fraud prevention and AML compliance specialist Seon has raised $80 million in a series C funding round led by Sixth Street Growth.

/ai

Google unveils Agent Payments Protocol to power AI commerce

Google has unveiled an open protocol designed to serve as the foundation needed to enable AI agents to transact payments on behalf of users and merchants.

/payments

Zelle says 0.02% of transactions result in fraud or scam report

As it faces up to a lawsuit from New York's attorney general for allegedly failing to protect users from "massive amounts of fraud," bank-backed P2P payments service Zelle has gone on the offensive, insisting that just 0.02% of all transactions result in a report of fraud or scam.

/payments

Klarna to appear on Apple Pay for instore payments

Klarna is to provide Apple Pay users with access to BNPL loans at instore checkouts in the UK and US.

/payments

Plaid to pay JPMorgan for access to customer data

Plaid has caved into demands by JPMorgan to pay for access to customer data, after the US bank accused aggregator firms of ‘massively taxing’ its systems with unnecessary pings.