FinTech

Mastercard Seeks to Offload Payments Unit It Acquired for $32 Billion

The proposed sale comes as Mastercard re-evaluates its payments strategy.Highlights: Mastercard aims to sell its payments unit, originally purchased for $32 billion.The move indicates a shift in Mastercard's strategic...

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,...

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...
spot_img

Regulators approve ex-UK cabinet minister Gavin Williamson’s appointment to Lanistar advisory board

Acoba Approval:The Advisory Committee on Business Appointments (Acoba) has approved Gavin Williamson's appointment to the advisory board of UK-based fintech Lanistar.Williamson's...

US digital bank Green Dot appoints SVP Dave Harden as new CTO

Dave Harden as CTO:Dave Harden was appointed as the new Chief Technology Officer (CTO) of Green Dot. Internal promotion from SVP of...

ICYMI fintech funding round-up: Refine Intelligence, Apiture, Solvimon and more

Refine Intelligence:Raised $13 million in seed funding. Uses AI to scan AML alerts, reducing investigation time. Plans expansion in North America, Europe,...

Lack of funding forces US credit card fintech Ness to close down

Ness Closure Announcement:US fintech Ness, specializing in credit cards for wellcare, is shutting down. CEO Derek Flanzraich cites running out of cash...

Apple Pay rolls out new open banking feature for UK customers

New Apple Pay Feature in the UK: Open BankingApple Pay introduces a new feature in the UK. Allows customers to link their...

AMP Bank and Salt Bank tap Starling’s Engine platform for digital banking offerings

Adoption of BaaS Technology:Australia’s AMP Bank and Romania's Salt Bank adopt Starling Bank’s Banking-as-a-Service (BaaS) technology platform Engine.Global Expansion:Starling Bank's...

Redpin launches with new strategy and £140m in funding

Redpin's New Strategy and Funding:UK-based Redpin Holdings, operator of Currencies Direct and TorFX, launches a new strategy. Secured £140 million in funding...

Dutch payment processor Silverflow lands $16.3m funding

Funding Success: Amsterdam-based payment processing tech company Silverflow secures $16.3 million (€15 million) in a funding round led by Global Paytech Ventures. Investor Participation: Picus...

Ireland’s Synch ditches plans to roll out mobile payments app

Synch Payments, founded in 2020 by leading Irish banks AIB, Bank of Ireland, Permanent TSB, and KBC, is abandoning plans to launch its...
spot_img