FinTech

EU, UK, and Switzerland Strengthen T1 Testing Plan for 2027 Transition

Three regions collaborate on testing ahead of joint financial move.Highlights: EU, UK, and Switzerland announce T1 testing plan.Collaboration aims for financial transition by October 2027.Testing crucial for interoperability between...

NextGen FinCrime Initiative Strengthens Cross-Sector Collaboration

New talks aim to enhance cooperation in tackling financial crime across industries.Highlights: NextGen FinCrime initiative aims to unite...

Aviva Launches Insurance App on ChatGPT, Enhancing Customer Interactions

The new app aims to simplify insurance queries and support for users.Highlights: Aviva introduces an insurance app on...

NatWest Strengthens Mortgage Offerings with Pexa Digital Platform

Banking giant NatWest implements Pexa platform for streamlined digital mortgages.Highlights: NatWest integrates Pexa's platform for digital mortgages.The initiative...

Visa Strengthens Role as Super Validator in Canton Network

Visa's new position enhances blockchain transaction verification in the Canton network.Highlights: Visa becomes a super validator within the...
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UK fintech Plum signs strategic partnership with Greece’s Eurobank, lands €10m investment

Plum, a UK-based smart money app, forms a strategic partnership with Eurobank. Eurobank invests €10 million in Plum, with an initial €5 million...

AI-backed Aussie risk decisioning firm Rich Data Co raises $17.5m Series B

Rich Data Co (RDC) secures $17.5 million in Series B funding round. Plans for North American expansion fueled by the investment. Westpac and...

SoFi set to end crypto services, taps Blockchain.com as “strategic crypto partner”

SoFi Ends Crypto Services:SoFi announces the termination of its crypto services on 19 December. Users can either close their crypto accounts or...

UK challenger Aldermore Bank enters strategic partnership with Mambu

Strategic Partnership: Aldermore Bank has entered into a strategic partnership with cloud banking platform Mambu to modernize its technology. Bank Overview: Aldermore Bank, founded in...

Nucleus Commercial Finance secures £200m funding facility from NatWest

UK SME lender Nucleus Commercial Finance secures £200 million funding from NatWest. The funding increases Nucleus' total lending capacity to £900 million. Nucleus...

ICYMI fintech funding round-up: PhiCommerce, Yabi, Enfuce and more

PhiCommerce Funding Round:Indian payment solutions provider PhiCommerce secures $10 million in a Series A1 funding round. Led by Singapore-based VC firm BeeNext...

UK fintech Paysend lands $65m in fresh funding round

Funding Success: London-based fintech Paysend secures $65 million in a recent funding round. Global Reach: Paysend, founded in April 2017, claims a global presence with...

Metro Bank to axe 20% of jobs and review branch opening hours in push to cut costs

Metro Bank plans to cut 20% of its workforce as part of a cost-cutting initiative following shareholder approval of a refinancing deal. The...

Denmark’s Mazepay taps ex-Mastercard exec Kevin Stanton to lead US drive

Danish B2B fintech Mazepay hires former Mastercard executive Kevin Stanton for key role. Stanton appointed to the board of directors, tasked with expanding...
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