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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Marqeta SVP and managing director Jeff Parker steps down

Resignation Announcement: Jeff Parker, SVP and managing director, international at Marqeta, is stepping down from his position at the California-headquartered card issuing firm. Announcement...

FCA greenlights Klarna for payment and credit services in the UK

The Financial Conduct Authority (FCA) authorizes Klarna to regulate payment and credit services in the UK. The authorization covers Klarna's credit products (Term...

ICYMI fintech funding round-up: Kiwi, ID Finance, Crezco and more

Kiwi Raises $13MIndian credit card fintech Kiwi secures $13 million in a Series A funding round. Led by Omidyar Network India, with...

UK’s Kodelab to provide lending tech for HKMA CBDC pilot with Ripple and Fubon Bank

Ripple and Taiwan’s Fubon Bank choose UK consultancy Kodelab for CBDC pilot with HKMA Pilot aims to integrate simulated CBDC and tokenized real...

Mexican fintech start-up Trafalgar taps Thought Machine for core banking technology

Partnership: Mexican fintech start-up Trafalgar partners with Thought Machine for core banking technology. Technology Leap: Trafalgar aims to be Mexico’s first fintech using cloud-native core...

UK fintech Triver secures £20m debt facility from Avellinia Capital

London-based fintech start-up Triver secures £20 million debt facility with Avellinia Capital. Triver plans to offer over £200 million in funding annually to...

Mastercard’s joint venture receives approval to commence domestic payments in China

Mastercard's joint venture in China, Mastercard NUCC Information Technology, has received formal approval to commence domestic payments. In February 2020, Mastercard NUCC received...

Fils launches as digital ESG infrastructure for payments sector

Fils, a new venture by MFTA chairman Nameer Khan, is launching ahead of COP28. With offices in Dubai and London, Fils is an...

Blue Ridge Bank set to trim BaaS fintech partnerships down to a “limited number”

Blue Ridge Bank, founded in 1893 in Virginia, is a community bank operating in the mid-Atlantic states. The bank plans to reduce its...
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