FinTech

Mastercard to Sell Nets Payments Unit Following $3.2 Billion Acquisition

The divestment follows Mastercard's strategic review of its portfolio.Highlights: Mastercard is set to sell its Nets payments unit.The acquisition price for Nets was $3.2 billion.This divestment is part of...

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...

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...
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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...

Lynx raises £15m Series A funding to fight fraud and financial crime

Funding News: Fintech firm Lynx secures £15 million in Series A funding. Investors: Funding round led by Forgepoint Capital, with participation from Banco Santander. Technology...

Commerzbank becomes first German bank to receive crypto custody licence

Commerzbank granted first crypto custody license among German full-service banks Aims to develop a range of digital asset services, with a focus on...

Mastercard taps Japan’s NEC to roll out biometric checkouts across APAC

NEC Leads Mastercard Biometric Checkout ExpansionNEC Corporation is driving the expansion of Mastercard's Biometric Checkout Programme in the Asia Pacific (APAC) region. ...

FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues

Metro Bank's Situation: The bank is on the Financial Conduct Authority's (FCA) financial crime watchlist, confirmed on June 6. Reasons for Listing: The FCA's action...

Nuvei reportedly snaps up Aussie paytech Till Payments for $30.5m

Aussie paytech Till Payments is set to be acquired by Canadian firm Nuvei for AUD 47 million ($30.5 million). A significant drop from...

Q2 Holdings announces leadership shake-up with new senior hires

Leadership Changes at Q2 Holdings:Himagiri Mukkamala, CDO:Over 25 years of experience in enterprise technology. Previously GM of Penguin Edge and CEO...

Moneythor launches Customer Activation Management platform

Moneythor's New Offering: Customer Activation ManagementMoneythor, a Singapore-based company, launched Customer Activation Management. Aim: Help banks achieve long-term customer profitability.Platform Features...

Customers Bank taps Funding Circle for Lending-as-a-Service platform

Adoption of Funding Circle's LaaS PlatformPennsylvania-based Customers Bank is adopting Funding Circle’s Lending-as-a-Service (LaaS) platform. The move aims to expand lending capabilities...
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