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/payments

Apple to open up NFC payments access to third parties

Apple is opening up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers in a host of countries - including the US and UK - but will charge associated fees.

/wholesale

Citi and Wells Fargo invest in credit infrastructure startup Setpoint

Citi and Wells Fargo have joined a $31 million Series B funding round for Setpoint, an infrastructure provider that streamlines transactions for the credit industry.

/payments

DBS tokenizes treasury management for Ant International

Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquidity management.

/regulation

Asic sues ASX over failed clearing house replacement system

Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.

/retail

HSBC joins Open Property Data Association

HSBC is the latest UK high street bank to join the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.

/ai

Monzo offers 'do's and don'ts' for using AI in job applications

With AI tools such as ChatGPT now firmly embedded in the mainstream, Monzo has put together a list of 'Do's and don'ts' for using the technology when applying for a job with the digital bank.

/security

Cybercriminal J.P.Morgan brought to justice

A prolific cybercriminal operating under the online monicker J.P.Morgan has been arrested following a co-ordinated international police investigation.

/regulation

Russia cancels AmEx subsidiary's banking licence

Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.

/retail

Mastercard taps open banking for streamlined lending

Mastercard has boosted its open banking programme, making it easier for Americans to secure loans by streamlining income and employment verification processes.

/payments

Monzo outage hits customer payments

Thousands of Monzo customers were left unable to make payments on Tuesday thanks to a technical problem with the digital bank's app.

/retail

Tally, a credit card debt fintech last valued at $855 million, shuts up shop

Credit card debt payoff platfom Tally is shutting down after a nine-year timeframe that saw it raise $172 million in venture funding.

/payments

Wise targets huge Indian remittance market

Money transfer fintech Wise is set to take on India's banks in the country's $32 billion remittance market after securing a new licence from the RBI.