January 2025 – Page 50

BIS and Bank of England Finalize CBDC Initiative

A pilot project involving central bank digital currencies (CBDCs) is being jointly conducted by the Bank of England (BoE) and the Bank of International Settlements...

PayPoint Acquires Stake in Aperidata

British bill payment company PayPoint has invested £1 million in Aperidata, a consumer and business credit reporting and open banking platform. This partnership builds on...

PayPal’s Stablecoin Launches on the Solana Blockchain

PayPal's PYUSD stablecoin is now accessible on the Solana blockchain, a strategic move aimed at enhancing speed and reducing costs for its users. Originally launched...

HSBC Brings on Former SVB Bankers to Target US ‘Innovation Economy’

Following the collapse of Silicon Valley Bank (SVB) in March, HSBC is now hiring around 40 former SVB bankers to establish a new unit focused...

N26 Launches Stock Trading Feature Within App

German digital bank N26 is expanding its offerings with the introduction of in-app stock and ETF trading features. The new product, developed in collaboration with...

AI Risk Management Tool Successfully Raises $20 Million in Funding

Blackbird AI, a developer of AI-driven narratives for risk management, has successfully raised $20 million in a Series B funding round. The funding was spearheaded...

Yonder Raises £62.5 Million in Series A Funding

Rewards credit card startup Yonder has raised £12.5 million in equity and secured a £50 million credit line to enhance its operations. The funding round...

EBA Clearing Launches Pilot for Pan-European Fraud Pattern and Anomaly Detection

EBA Clearing is preparing to launch an analytical pilot aimed at detecting pan-European fraud patterns and anomalies. The pilot, scheduled for July, precedes the rollout...

Citi Lawsuit Sparks Controversy Between CFPB and Industry Associations

A legal case concerning Citi's handling of customer complaints related to wire transfer fraud has sparked a disagreement between the Consumer Financial Protection Bureau (CFPB)...

FCA Teams Up with NayaOne to Launch Permanent Digital Sandbox

Jessica Rusu, Chief Data, Information, and Intelligence Officer at the FCA, addressed attendees at the Innovate Finance Global Summit at the Guildhall in London, focusing...