FinTech

US FTC Reports Consumers Lost $15.9 Billion to Fraud in 2025

The FTC reveals alarming fraud losses impacting millions of Americans.Highlights: Consumers lost $15.9 billion to fraud in 2025, according to the FTC.Fraud affects millions, raising concerns over financial security.Improved...

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...

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...
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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...

Swedish lender Froda hires former Klarna director Roger Forsberg as CTO

Froda's New CTO: Roger Forsberg, former Klarna director, joins Swedish alternative lender Froda as Chief Technology Officer (CTO) effective December 4. Scaling Phase:...

Jack Henry’s president of bank solutions, Stacey Zengel, to retire in 2024

Stacey Zengel, president of bank solutions at US banking tech provider Jack Henry & Associates, will retire on June 30, 2024. Zengel has...

FinTech Australia shakes up board with four new appointments

FinTech Australia made four new appointments to its board. Sarah Gorman, Head of Growth and Marketing at Digital Agriculture Services, becomes deputy chair...

HSBC launches $150m venture debt product for high-growth scale-ups in Australia

HSBC introduces venture debt in Australia to support scale-up companies in technology and new economy sectors. $150 million was allocated for lending, targeting...

Contis hit with €840,000 fine by Bank of Lithuania

Contis, part of German BaaS fintech Solaris, fined €840,000 by the Bank of Lithuania. Delegated anti-money laundering (AML) measures to distributors without proper...

India’s PhonePe reportedly planning to launch consumer lending in January 2024

Expansion Plan: PhonePe plans to enter the consumer lending space by January 2024. Integration Progress: The fintech is in the "final stages" of integrating with...

Funding Circle and Atom Bank to provide an additional £150m in financing to UK SMEs

UK challenger Atom Bank partners with Funding Circle for lending. Up to £150 million to be deployed for small businesses. The third partnership...

UK financial services firms cautious but keen to adopt GenAI, new survey says

GenAI Adoption in UK Financial Services:70% of UK Finance members are currently piloting generative AI (GenAI) use cases. Primarily focused on co-pilot...
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