HSBC was found to have twice broken Part 6 of the Competition and Market Authority’s (CMA) Retail Banking Market Investigation Order and is refunding £8m to 115,000 customers.

Santander broke the Order 6 times and has agreed to issue a refund but has yet to confirm the number of customers affected and how much it will refund.

Bokio, the Swedish based startup which utilises artificial intelligence to simplify bookkeeping for small businesses, sole traders, and freelancers, has raised €4M.

MuchBetter, the award winning payments company, today announced its integration with Mastercard’s Pay By Bank, one of the first ewallets to do so. Pay by Bank app is a new online checkout option from Mastercard that lets users pay for goods and services in real-time using the banking app on their phone – across online and in-store purchases. It allows MuchBetter users to top up their account in real-time from their bank account without entering payment details or passwords.

NatWest is partnering with Moneypenny, the world’s largest and highest rated outsourced communications provider, to bring the 900 entrepreneurs it supports through its Accelerators exclusive access to tools and advice that will help them to grow and develop their businesses.

Sberbank has launched a new service called “Collect Money and Split Bill” in the Dialogues section with Sberbank Online mobile app.

Danske Bank A/S has appointed Frans Woelders as Group COO and member of the Executive Leadership Team with overall responsibility for Group Services and Group IT.

Frans Woelders joins from the position of Chief Digital Officer for Personal Banking of Royal Bank of Scotland. Prior to that, he has experience from positions with ABN AMRO Bank, including as CEO of Retail Banking and as Group Chief Information Officer.

Financial IT speaks with Paul Love Twelves, VP Consulting of Konsentus at Open Banking Expo 2019. During the interview, Paul Love Twelves highlights the importance of satisfying the demand for a simple and cost-effective solution to the problem of identifying and checking such TPPs in real-time. Furthermore, Paul Love Twelves mentioned the perspective of the customer using Moneyou as an example.

Westpac has hired IBM subsidiary Promontory to undertake an independent review into the failings that led to the bank breaching AML/CTF laws on over 23 million occasions.