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/crypto

Czech central bank governor floats holding bitcoin as reserve asset

The governor of the Czech National Bank has floated the idea of holding billions of dollars worth of bitcoin in its reserves.

/regulation

Infinox hit with first transaction reporting fine under MiFir rules

The FCA has issued its first fine for transaction reporting failures under MiFir regulations.

/retail

Lloyds and NatWest close more branches

Lloyds Banking Group and NatWest have announced the closure of nearly 200 branches between them as the industry's retreat from the high street continues.

/people

Santander UK chair resigns amid speculation about bank's future

Santander UK chairman William Vereker is quitting his post as rumours swirl that the Spanish banking giant may be preparing for an exit from the UK.

/security

Trio sentenced for £380 per month crime-as-a-service operation

Three men have been sentenced for running a website enabling criminals to defraud victims by circumventing banking anti-fraud checks.

/markets

HSBC signs multi-year OTC derivatives servicing deal with Delta Capita

Delta Capita has been selected by HSBC to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement.

/startups

Open Banking fintech Yavrio raises $2.4 million to eliminate CSV files

London-based open banking fintech Yavrio has raised $2.4 million in seed funding to bring embedded banking to the enterprise resource planning (ERP) space.

/wholesale

Pleo enters treasury space

With UK businesses anticipating a tough 2025, spend management platform Pleo is entering the treasury space with a new cash management offering.

/sustainable

Sustainable money app Zero goes live

Sustainable money app Zero is opening for investments on Crowd Cube as it begins the roll out of its debit card, personal current account, and app for climate-conscious consumers.

/payments

Musk's X secures Visa partnership for payments push

Social media app X says it has struck a deal with Visa ahead of the launch of a digital wallet and peer-to-peer payments service later this year.

/ai

Spend management platform Yokoy acquired by TravelPerk

Business travel platform TravelPerk has raised $200 million and acquired Swiss AI-powered spend management outfit Yokoy.

/payments

A2A payments platform Vyne shuts down UK operations

London-based Vyne is winding down its UK operations in the UK just months after the real-time account-to-account payments platform was acquired by Middle Eastern fintech Tarabut.