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/payments

Asia to dominate global fintech market – report

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

/wealth

Monument Bank partners with Firenze for Lombard lending access

Monument Bank has partnered with Firenze, a fintech offering Lombard lending to wealth managers.

/retail

Frank founder's trial begins over JPMorgan deal

The criminal trial against Charlie Javice for allegedly defrauding JP Morgan Chase into buying her fintech Frank, has begun.

/crypto

SEC drops Robinhood Crypto investigation

Robinhood says the Securities and Exchange Commission is ditching its investigation into the trading app's crypto arm.

/payments

UK court approves $200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been given the greenlight by the Competition Appeal Tribunal.

/regulation

UK Government mulls abolishment of Payment Systems Regulator

The UK Government is considering scrapping the Payments Systems Regulator and folding it into the Financial Conduct Authority.

/ai

DBS to shrink workforce by 10%

Singapore's DBS Group expects to dispense with 4000 contract and temporary emloyees over the next three years as AI takes centre stage.

/retail

The AA opens for savings and loans with NatWest embedded finance partnership

The Automoblie Association (AA) is to open savings and loan accounts for members and the wider market using embedded finance tools from NatWest Boxed.

/payments

Nexi to connect German merchants to EPI's Wero wallet

Nexi is to begin connecting the first German merchants to the Wero wallet from the European Payments Initiative in the third quarter of this year, shortly after the launch of the bank-backed digital wallet for German e-commerce in the summer.

/crypto

Coinbase says SEC has agreed to drop enforcement case

Coinbase is claiming victory in its long-running tussle with the Securities Exchange Commission, stating that the regulator has agreed to drop its enforcement case against the crypto firm.

/crypto

Bybit wallet hack sees crooks nab $1.4bn in ETH

Crypto exchange Bybit says hackers have stolen nearly $1.5 billion in Ethereum (ETH) from one of its cold wallets.

/payments

UK government issues tender to bring open banking to Gov.UK Pay

The UK government is inviting bidders for a £49 million contract to embed open banking technology into its Gov.UK Pay payments platform.