January 15, 2025 – FintechDaily

BBVA Presses Ahead with Hostile Takeover Offer for Banco Sabadell

Spanish incumbent bank BBVA has launched a hostile takeover bid to acquire rival Banco Sabadell. Earlier this week, Sabadell rejected BBVA's offer of €12 billion,...

Revolut Hit with Class Action Lawsuit in the US Over Biometric Data Collection

Revolut is currently facing a class action lawsuit in Illinois, with allegations that the UK-based fintech giant has unlawfully collected, used, and stored customers' biometric...

UK Open Banking Reaches 10 Million Users

More than 10 million consumers and small businesses in the UK are now regularly benefiting from open banking technology. This milestone is reached six-and-a-half years...

African Startups Secure $2.7 Billion in Venture Capital Funding

Startups in Africa's fintech sector have raised over $2.7 billion in venture capital funding in the past two years, according to a recently published report....

Broadridge to Integrate JPM Coin as a Settlement Solution for DLR Platform

JP Morgan has formed a partnership to utilize its JPM Coin digital token as a settlement mechanism on Broadridge's Distributed Ledger Repo (DLR) platform. The...

JPMorgan Encounters Increasing Incidents of Hacking Attempts

JPMorgan Chase has reported a significant increase in hacking attempts on its systems over the past year. During a panel at the World Economic Forum...

One in Three Brits Now Use Mobile Contactless Payments

The total number of payments made in the UK rose by 5% in 2023, with one-third of the population now regularly using mobile phone tap...

Nigerian BaaS Startup Anchor Secures $2.4 Million in Funding

Nigerian Banking-as-a-Service platform Anchor has successfully raised $2.4 million in seed funding from prominent investors, including Goat Capital, FoundersX, and Rebel Fund, along with existing...

Freetrade CEO Adam Dodds Resigns

Freetrade co-founder Adam Dodds is stepping down as CEO of the UK trading app, with COO Viktor Nebehaj set to take over the role. Dodds,...

TSB Reports That More Than a Third of Facebook Marketplace Ads May Be Scams

TSB is urging consumers to be cautious when making online purchases on Facebook Marketplace, revealing that over a third (34%) of the ads reviewed on...