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1894 Results from 2023

/regulation

UK financial regulators to assume direct oversight of critical technology suppliers

British banking regulators have proposed further checks on financial firms' reliance on third party technology companies.

/crypto

Dimon blasts bitcoin

JPMorgan chief Jamie Dimon is continuing his anti-bitcoin tirade, telling senators on Capitol Hill that if he was in charge of Government he would shut the industry down.

/payments

Dark clouds gather over European payments firms

The pain faced by fintechs in the payments space is expected to continue throughout 2024, according to an analysis by Jefferies.

/wealth

Scalable Capital closes on €60 million equity financing round

Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round.

/payments

Cash usage grows for first time in a decade

Cash usage in the UK has grown for the first time in a decade as consumers shy away from overspending on plastic payment cards during the ongoing cost of living crisis.

/security

CommBank and Vodafone share real-time intelligence on SMS scams

Commonwealth Bank of Australia is collaborating with Vodafone to share SMS scam intelligence in near real-time, allowing the telco to identify and disrupt scammers while the bank makes proactive blocks on fraudulent payments.

/payments

Citi invests in Icon Solutions

British payments technology outfit Icon Solutions has secured an equity investment from US banking giant Citi. Terms were not disclosed.

/payments

Samsung pushes mobile wallet take-up with Mastercard partnership

Samsung is joining Mastercard's new Wallet Express programme, making it easier for banks and card issuers in the UK to offer their customers the electronic giant's own multi-faceted mobile wallet offering.

/regulation

BofE to review AI risk to financial stability

The Bank of England is launching a review of artificial intelligence and machine learning amid concerns that its use could pose financial stability risks.

/crypto

SocGen lists stablecoin on BitStamp

The digital asset unit of French lender Societe Generale has listed its newly-minted Euro-based stablecoin on crypto exchange BitStamp.

/security

HSBC trials quantum protection for AI-powered FX trading

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.

/payments

TrueLayer partners with Lunar for Nordic push

UK open banking vendor TrueLayer is hopping on the payment infrastructure of Nordic challenger bank Lunar in a bid to extend its account-to-account payment services across Denmark, Sweden and Norway.