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/payments

Klarna goes to market with elevated price tag

BNPL giant Klarna has priced its IPO at $40.00 per share, providing an elevated valuation of $15 billion.

/security

Most SMEs would pay for a Digital Company ID service

More than eight in ten of UK small and medium-sized enterprises (SMEs) would be willing to pay for a Digital Company ID service, according to research commissioned by the Centre for Finance, Innovation and Technology (CFIT).

/crypto

EasyJet founder launches bitcoin app

The founder of low-budget airline easyJet is entering the crypto sector through the launch of an easyBitcoin app.

/payments

Embedded payment platform Rainforest raises $29 million

Rainforest, an embedded payment provider purpose-built for software platforms, has raised an oversubscribed $29 million Series B funding round led by Matrix Partners and Infinity Ventures with participation from Accel and Tech Square Ventures.

/payments

Mastercard launches On-Demand Decisioning tool

Mastercard has moved to give financial institutions more control over authorisation decisions through the launch of the On-Demand Decisioning (ODD) tool.

/crypto

BNP Paribas and HSBC join Canton Foundation

BNP Paribas and HSBC are the latest financial services giants to join the foundation behind the Canton Network blockchain platform for tokenised assets.

/crypto

BBVA Spain taps Ripple for digital asset custody services

Ripple has signed an agreement with BBVA to provide its digital asset custody technology to the Spanish bank.

/people

ANZ to cut 3500 jobs

ANZ is to cut 3500 jobs over the next 12 months, marking a 14% reduction in the Australian lender's workforce.

/retail

Revolut secures in-principle approval for a UAE payments licence

Revolut is to launch in the UAE after securing in-principle approval from the Gulf region's central bank.

/security

Wealthsimple data breach exposes customer information

Canadian wealth management platform Wealthsimple says a security breach has left the personal information of some customers compromised.

/payments

Irish banks unite to take on Revolut with P2P payments app

Ireland's top three retail banks are to jointly launch a mobile payment service, Zip Pay, next year to rival fintech giant Revolut.

/inclusion

Accion Ventures closes $61.6 million fund to invest in early-stage fintech

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $61.6 million from international investors.