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Latest Results from /retail

/retail

Retailers back BNPL alternative from charity-owned lender

A group of UK retailers are backing a new BNPL alternative from charity-owned responsible lender Fair for You.

/retail

JPMorgan Chase to let clients buy bitcoin

Having once said he would shut the crypto industry down, Jamie Dimon has confirmed that JPMorgan Chase will now let its clients buy bitcoin.

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UK government seeks open banking supplier for Universal Credit

The UK government has begun a procurement process to find an open banking technology supplier for use with its Universal Credit social security payments.

/retail

UK court finalises £200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been signed off by the Competition Appeal Tribunal in a move that could see millions of shoppers receiving up to £70 each.

/retail

Spanish mobile networks go dark

Spain has been struck by a widespread outage across all mobile networks just four weeks after suffering from a nationwide electricity blackout, highlighting the perils of relying solely on online payment systems and apps.

/retail

Klarna on track to reach $1 million in revenue per employee

BNPL giant Klarna says it is fast approching $1 million in revenue per employee, spearheaded by its aggressive uptake of AI.

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Temenos opens up the box with GenAI co-pilot

Temenos has launched a GenAI co-pilot for its retail banking core product, enabling banks to test and launch new products faster.

/retail

Sweden's central bank comes down hard in favour of cash payments

Sweden's push to become a cashless society is rapidly heading into reverse, as the central bank submits proposals to introduce an obligation to accept cash in the sale of essential goods, and to strengthen the banks' responsibility for cash handling.

/retail

Revolut to invest €1 billion in France and apply for banking licence

Revolut is to invest more than $1 billion to expand its operations in France over the next three years as it prepares to apply for a French banking licence.

/retail

UK Government to rush through new rules to tame BNPL 'wild west'

After years of wrangling, the UK Government is finally introducing new rules to clamp down on what it describes as the 'wild west' of buy now, pay later lending.

/retail

Aveni launches FinLLM with backing from Lloyds and Nationwide

Lloyds and Nationwide-backed fintech Aveni has released the first version of its domain-specific large language model for financial services, FinLLM.

/retail

UK businesses would adopt open banking for security benefits

More than 40% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention, but many are held back by lack of understanding, according to a study from NatWest.