Payments

MasterCard, Visa, and Revolut Lose UK Legal Challenge Over Card Fee Cap Plans

Court ruling impacts future interchange fees for payments in the UK.Highlights: UK court dismisses claims by MasterCard, Visa, and Revolut.The ruling supports plans for capping interchange fees.This decision impacts...

LSEG Launches Blockchain-Based Digital Settlement Network

This new platform aims to enhance financial settlement processes.Highlights: LSEG has launched a blockchain-enabled digital settlement network.The platform...

SWIFT to Build Shared Ledger for Tokenised Asset Transactions

New initiative aims to streamline digital asset transactions globally.Highlights: SWIFT is launching a shared ledger for tokenised assets.The...

Keye Launches AI Co-Pilot for Private Equity Due Diligence

Innovative tool aims to streamline investment analysis and decision-making.Highlights: Keye introduces an AI co-pilot for private equity due...

Cosegic Strengthens Financial Crime Expertise with Fintrail Acquisition

The acquisition enhances Cosegic's capabilities in combating financial crime.Highlights: Cosegic acquires Fintrail to enhance financial crime capabilities.The acquisition...
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Fintechs call on UK government to put an end to hidden fees in cross-border payments

A group of 15 fintech companies, including Wise, Monzo, Revolut, and Klarna, have written an open letter to UK chancellor Jeremy Hunt, urging the...

JP Morgan CEO confirms German expansion for Chase digital bank

JP Morgan Chase CEO Jamie Dimon confirms that the digital bank Chase will expand into Germany and other European countries, following its successful debut...

ila Bank taps Arab Financial Services for prepaid card offering

Arab Financial Services (AFS) has collaborated with ila Bank, a Bahraini digital mobile-only bank, to introduce a prepaid card offering. The card allows users...

Saudi Arabia’s HyperPay acquires fintech start-up Sanad Cash

📰 HyperPay, the largest payment services provider in the MENA region, has acquired Saudi fintech start-up Sanad Cash to expand its product offerings and...

US fintech Earnest partners Nova Credit to make international student loans more accessible

US fintech Earnest has teamed up with credit bureau Nova Credit to enhance accessibility to international private student loans in the US market. Earnest...

Thredd, formerly GPS, appoints Ava Kelly as new chief product officer

Thredd, formerly known as Global Processing Services (GPS), has appointed Ava Kelly as its new Chief Product Officer (CPO). Kelly brings over 25 years...

Banque Saudi Fransi completes payment processing upgrades with TCS

Banque Saudi Fransi (BSF), headquartered in Riyadh, Saudi Arabia, has upgraded its domestic and international real-time payment processing capabilities by implementing the core banking...

Standard Chartered exits several markets in Africa through sale of subsidiaries to Access Bank

Standard Chartered is selling its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone to Nigeria's Access Bank, as part of its plan to...

Payhawk launches in Lithuania after securing EMI licence from central bank

Bulgarian fintech firm Payhawk has expanded into Lithuania by securing an Electronic Money Institution (EMI) license from the Bank of Lithuania. With this license,...
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