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TikTok seeks financial services licences in Brazil

April 1st 2026

Social media platform TikTok is reportedly seeking approval from the Brazilian central bank for financial services licences that would allow it to operate as an electronic money and credit company.

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PRA hits The Bank of London with £2 million penalty for “failing to act with integrity”

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Aveni selected by Quilter to introduce AI into advice operations

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SumUp to provide in-app investing to merchant clients

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Revolut reports record profits

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Venmo lets users send money to PayPal accounts around the world

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Bank of Ireland equips staff for AI-driven future

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FCA criticised over using sensitive data in AI trial with Palantir

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Talos and Nasdaq forge path to managing both on- and off-chain collateral workflow

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MAS develops AI risk management toolkit

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Goldman Sachs to make performance-based staff cuts in April – Reuters

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JPMorgan pilots software to monitor junior bankers’ working hours

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Finextra & Visa Direct release new survey report on the global state of commercial banking

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Aveni launches agentic AI council

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Nasdaq gains SEC approval for trading tokenised securities

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Starling rolls out agentic AI money manager

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Huawei and Yowpay launch open banking smartwatch POS app

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IG Group mulls switching listing from London to New York

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Citing AI, Crypto.com axes 12% of workforce

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UK banks reject opportunity to lift £100 contactless limit

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Tide poaches PPRO CTO for new leadership role

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