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Silicon Valley start-up Plaid plans European hiring spree despite Visa deal falling apart

LONDON — Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired by Visa amid U.S. antitrust concerns. The company looks to be taking news of the $5.3 billion merger agreement falling apart in its stride, hoping to capitalize on a shift toward online banking services in the wake …

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EXCLUSIVE-Goldman eyes deals to boost Marcus-sources

Goldman management has put an “extremely high” bar for any deal to be large and transformational, the sources cautioned. One of the sources said the bank had M&A bankers crunching numbers on “different ideas.” Digital banking is one area of interest. The pandemic has strengthened management’s belief that online activity will be central to future …

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Swedish banks formalise AML information sharing pact with police

Sweden’s five largest banks have formalised an information sharing pact with the country’s police force aimed at cracking down on money laundering.Danske Bank, Handelsbanken, Nordea, SEB and Swedbank last June commenced a pilot project of the Swedish Anti Money Laundering Initiative (Samlit), collectively sharing information on methods, suspicious transaction patterns and new types of crime …

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Ant sets up working group to overcome Chinese regulatory requirements

Ant Group has set up a working group to overcome last minute regulatory requirements which ceased the launch of its would-be record-setting initial public offering (IPO). That’s according to Chen Yulu, a deputy governor of the People’s Bank of China (PBOC), who confirmed Ant’s expedited activity to rectify business practices. Companies like Ant have until …

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EC and ECB join forces to investigate digital euro

The European Commission and European Central Bank are working together to investigate the policy, legal and technical questions emerging from a possible introduction of a digital euro.Having just closed a public consultation on the subject, the ECB says it will now consider whether to start a digital euro project towards the middle of the year …

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The challenger maintains “an IPO is still in our sights.”

Just a week after Starling Bank announced it has reached profitability, and suitors are already reportedly queuing up. According to The Times, JP Morgan and Lloyds Banking Group have both expressed interest respectively in the challenger bank. JP Morgan is currently gearing up for a 2021 launch of its own UK digital bank, possibly under its Chase brand, which is little-known in …

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Visa backs the first-ever credit card to offer bitcoin rewards

It’s about to get a lot easier to earn bitcoin thanks to a first-of-its-kind credit card: the Bitcoin Rewards Credit Card. While there are debit cards by Coinbase and Fold that offer bitcoin rewards, this is the first credit card that rewards you with the cryptocurrency, instead of points or miles. Visa and cryptocurrency financial tech company BlockFi have partnered …

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Central Bank of Iceland Launches New Interbank Payment System with SIA

The Central Bank of Iceland (CBI) and SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, have gone live with the new real-time gross settlement system (RTGS) and the new instant payment platform. From now on, CBI can rely on a more strategic and modern infrastructure for its high and low-value payment …

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Lloyds is world’s first bank live on Swift gpi instant

Lloyds Banking Group is the first financial institution live on Swift’s new gpi instant connection service. Ed Thurman, Lloyds: “The gpi instant service is set to be a game changer in cross-border payments” Swift claims that gpi instant enables consumers and businesses to send payments “in seconds” across borders and “around the clock”. Instant connects …

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Revolut launches early salary feature in the UK and web app

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut  has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If you have a business account with …

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