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/retail

Axway acquires Sopra Banking Software

Axway has acquired core banking vendor Sopra Banking Software in a €330 million deal.

/security

“Saving patient zero”: Blackwired's new approach to cybersecurity

Cyber risk has advanced to be the number one risk to the global economy.

/payments

Tarabut acquires UK-based A2A payments platform Vyne

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

/security

Fraudsters plead guilty to operating OTP scam site

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

/retail

McLear shuts down pre-paid payment ring programme

Wearable payments vendor McLear is closing down its flagship Ring pre-paid programme, blaming the increasing complexity and cost of maintaining the product.

/payments

Tabby to acquire Saudi digital wallet Tweeq

UAE-based buy now, pay later player Tabby is to acquire Saudi digital wallet Tweeq, expanding its product suite to offer customers spending accounts with money management tools.

/security

Singapore to empower police to stop voluntary bank transfers to scammers

Singapore's Ministry of Home Affairs is opening consultations on new rules that would empower the police to order banks to restrict the banking transactions of people who refuse to believe that they are being scammed.

/retail

Canadian budgeting app Hardbacon goes under

Hardbacon, a Canadian budgeting app that generated revenue through lead generation and affiliate marketing, has shut down after tweaks to Google's search algorithm saw users plummet.

/crypto

Revolut rolls out virtual crypto payment cards

Revolut is rolling out dedicated crypto payment cards for spending on everyday items.

/retail

Multiple UK banks hit by app outage spikes

Lloyds Bank is facing multiple complaints from customers related to an apparent failure of its online banking app.

/retail

The Bank of London selected by Waafi Bank for Shariah-compliant UK banking entry

The Bank of London has been selected by Malysian start-up Waafi Bank to support its plans to enter the UK's Shariah-compliant banking market.

/payments

Atlantic Money provides low-cost alternative to Swift with app-less money transfers

Money movement firm firm Atlantic Money is to make it possible for users to forsake its app and instead send and receive currencies direct from within their own bank accounts.