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Co-operative Bank taken over by Coventry Building Society

/regulation

Co-operative Bank taken over by Coventry Building Society

Coventry Building Society’s £780 million takeover of the Co-operative Bank has been given regulatory approval.

‘Every company will become a climate company’ – Lune, EBAday 2024 Fintech Zone winner

/startups

‘Every company will become a climate company’ – Lune, EBAday 2024 Fintech Zone winner

Earlier this year, Finextra announced Lune, a climate-positive company providing API and software tools, had won the FinTech Zone award at EBAday 2024. The award is presented to companies that have shown true innovation and an ability to deliver a capable solution to a current issue in finance and banking. A few months on from this year's event, Lune is still making strides towards a better, more streamlined climate process for its clients.

John Lewis unveils pocket money pet for young kids

/retail

John Lewis unveils pocket money pet for young kids

With Christmas fast approaching, UK department store John Lewis has unveiled Nestlums, a Tamagotchi-style pet that helps young children learn about money.

Synapse fallout: partner banks face lawsuit

/retail

Synapse fallout: partner banks face lawsuit

The fallout from the collapse of Synapse continues, with several partner banks facing a lawsuit alleging mishandling of customer funds, and one of those banks insisting that end user funds it once held were moved by the BaaS platform before it went bankrupt.

SumUp in 'no hurry' for IPO after surpassing one billion transactions per annum

/payments

SumUp in 'no hurry' for IPO after surpassing one billion transactions per annum

UK payments group SumUp says it is no hurry to go public as it surpasses one billion transactions per year.

Former Revolut duo launch banking on blockchain startup

/startups

Former Revolut duo launch banking on blockchain startup

Two ex-Revolut employees have raised $2.3 million in pre-Seed funding to build Bleap, a self-custodial stablecoin app with an accompanying debit card.

CBA chops fraud with AI

/ai

CBA chops fraud with AI

Australia's Commonwealth Bank says early implementation of GenAI is helping it to substantially reduce fraud rates.

Hackers steal $17 million from Central Bank of Uganda

/security

Hackers steal $17 million from Central Bank of Uganda

Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts.

Fintech hiring compensates for declining demand among banks for risk and compliance roles

/regulation

Fintech hiring compensates for declining demand among banks for risk and compliance roles

The UK job market for risk and compliance roles is undergoing a significant transformation, with the fintech sector leading the charge.

Spend management platform Spendesk launches payment institution

/payments

Spend management platform Spendesk launches payment institution

French spend management platform Spendesk has launched a financial services division operating under a licence from Autorité de contrôle prudentiel et de résolution, giving the firm end-to-end control over its payment services infrastructure.

ANZ and DataCo launch customer insight platform

/retail

ANZ and DataCo launch customer insight platform

Australia bank ANZ has teamed up with vendor DataCo on a platform that uses de-identified customer and transactional data to provide businesses with useful insights

PSR says APP reimbursement rules are promoting vigilance, not complacency

/security

PSR says APP reimbursement rules are promoting vigilance, not complacency

Research published by the Payment Systems regulator indicates that reimbursed fraud victims feel more vigilant about fraud risks, not less.

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