FinTech

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...
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...
FinTech

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...
FinTech

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...
FinTech

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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Wealthtech start-up Alpheya receives investment from BNY Mellon and Lunate

Banking Laura M Laura M -
Investment Announcement: BNY Mellon and Lunate invest $300 million in Alpheya, a new wealthtech start-up. Location and Focus: Alpheya, based in Abu Dhabi...

Berkshire Hathaway sells stake in India’s Paytm for $165m

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Berkshire Hathaway Sells Paytm StakeBillionaire Warren Buffett's company, Berkshire Hathaway, sold its entire stake in Indian fintech One 97 Communications (Paytm) for...

European Central Bank highlights continued sector-wide risk in latest Financial Stability Review

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Real Estate Struggles:Geopolitical tensions, lacklustre growth, and inflation impact European financial markets. Residential and commercial real estate markets in the euro area...

Barclays could reportedly cut around 2,000 jobs in push to reduce costs by £1bn

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Barclays may cut around 2,000 jobs as part of a £1 billion cost-cutting plan. Bank managers seek to increase profitability by reviewing proposals,...

Orange launches super-app Max it in Africa

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Orange launches Max it super-app in Africa Developed by Orange teams, it offers telecom, e-commerce, and financial services Three main service groups: telecom...

UK government publishes findings from the Future of Payments Review

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The Future of Payments Review calls for a national payments vision and strategy in the UK. Authored by Joe Garner, the report identifies...

Irish paytech NomuPay acquires UK-based PSP Total Processing

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NomuPay's Acquisition:Irish unified payments platform NomuPay has acquired UK-based payment services provider Total Processing. NomuPay now "holds, directly or indirectly, 75% or...

Binance CEO exits after pleading guilty to money laundering charges

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Binance Guilty Plea:Binance Holdings, operating Binance.com, pleads guilty to US federal charges: anti-money laundering (AML), unlicensed money transmitting, and sanctions violations. Founder...

Mashreq taps Visa and Ecolytiq to launch climate banking platform

Banking Laura M Laura M -
Mashreq's Climate Banking Platform Launch:Developed in collaboration with Visa and climate engagement fintech Ecolytiq. Utilizes transaction data for personalized carbon footprint analytics. ...
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