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Klarna files for US bank charter to end partner-bank reliance

Klarna applies to the FDIC and Utah for an industrial-bank charter — deposit-funded BNPL, a Southwest Airlines tie-up, and what it means for BaaS banks.

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UK big four go live on Swift consumer payments scheme

Barclays, HSBC, Lloyds and NatWest are first worldwide on Swift's consumer payments scheme — full-value, minutes-fast transfers aimed at Wise's moat.

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