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Latest Results from /retail

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Barclays follows HSBC out of the Net Zero Banking Alliance

Barclays has followed HSBC in withdrawing from the Net Zero Banking Alliance (NZBA), claiming that the departure of a host of other global lenders means the organisation "no longer has the membership to support our transition".

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Atom Bank restructures tech leadership team

UK-based Atom Bank has announced a series of changes to its technology senior leadership team, including a chief of staff and a new AI and data science team.

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Brazil's QI Tech hunts acquisitions after $63m raise

Brazilian financial infrastructure fintech QI Tech has raised $63 million in a Series B extension funding led by General Atlantic.

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Visa adds settlement support for more stablecoins

Visa is expanding its backing for stablecoins, adding settlement support for three more coins as well two new blockchains.

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Payroc agrees to buy BlueSnap

North American merchant acquirer and payment technology provider Payroc has agreed to acquire payment orchestration and AR automation platform BlueSnap. Financial terms were not disclosed.

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Revolut alumnus extends Seed round to €6.3 million to grow payments network

Due, a payment startup founded by Revolut alumni, has extended its Seed round to €6.3 million to launch a new API platform encompassing stablecoin payments.

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Starling revaluation jump starts shares in Chrysalis

Shares in growth capital fund Chrysalis jumped by 10% on a significantly upgraded valuation of portfolio company Starling Bank.

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FCA seeks improvement to digital loan processes

The UK's Financial Conduct Authority has called for improvements in digital loans processes to help people better understand what they're signing up for.

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RBC taps proprietary AI model for credit decisions

Royal Bank of Canada is using its own proprietary AI foundation model to improve credit adjudication capabilities and loyalty programme personalisation.

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Canada's Real-Time Rail set for testing phase

The technical build for Canada's Real-Time Rail (RTR) payments system is almost complete, with testing set to be carried out in autumn ahead of launch.

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JPMorgan to let Chase customers link accounts to Coinbase crypto wallets

Millions of Chase customers will soon be able to directly link their accounts to Coinbase wallets, making it easier than ever for huge swathes of Americans to buy crypto.

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Santander slashes 2000 jobs in the UK

Banco Santander has slashed 2000 jobs in the UK as part of ongoing cost-saving measures.