FSTech

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Remitly announces $85m funding round

Remitly has announced an additional $85 million in financing, as the global demand for digital remittances continues to surge during the COVID-19 pandemic. Returning investor Prosus’s PayU led the round at a $1.5 billion valuation, joined by returning partners DN…

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PSR asks industry to contribute to new strategy

The Payment Systems Regulator (PSR) is calling on payments firms to contribute to the development of its future strategy. The regulator is asking for help to define clear outcomes for the payment sector before a formal consultation takes place at…

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BBVA begins quantum tech trial with Fujitsu

Spanish bank BBVA is collaborating with Fujitsu on a proof of concept of its quantum-inspired optimisation solution. The collaboration comes after BBVA launched a number of studies to determine how quantum technologies could represent an advantage over traditional tools in…