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Lloyds Bank partners Visa for STP payments tech

Lloyds Bank is partnering with Visa to offer Straight Through Processing (STP) technology to customers using its commercial charge cards.The tie-up makes Lloyds the first bank in Europe to partner with Visa to deploy the STP technology, which enables more…

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Financial regulators should monitor BigTech’s power: BIS

Regulators should closely monitor the role of BigTech in finance, according to a new paper from the Bank for International Settlements (BIS).The paper highlighted how “utilising user data from their existing businesses” allows BigTech firms “to scale rapidly and establish…