January 19, 2025 – FintechDaily

Zipzero Moves Headquarters from London to Aberdeen

Zipzero, a UK consumer app designed to address the cost-of-living crisis by rewarding users for sharing their receipt data, has moved its headquarters from London...

EQT Divests Rimes to Five Arrows

Data management provider Rimes, which caters to the asset management sector, is being sold by investment firm EQT to Five Arrows, although specific terms of...

Monzo and Starling Rank Among the Lowest in APP Fraud Reimbursements

Monzo and Starling scored among the lowest for reimbursing victims of authorized push payment (APP) fraud, according to 2022 data released by the Payment Systems...

Ant Group Purchases Dutch Payment Provider MultiSafePay

China's Ant Group has acquired Dutch payments firm MultiSafepay as part of its strategy to expand into Western markets. The acquisition will integrate MultiSafepay with...

Lloyds Celebrates the Achievements of Its Innovation Sandbox in Promoting Fintech Collaboration

Lloyds Banking Group has celebrated the success of its in-house Innovation Sandbox as a vital tool for enhancing collaboration with fintech companies. The Sandbox serves...

HSBC Alerts Customers to Surge in Fake Apps

HSBC has issued an urgent fraud warning following a surge in UK customers downloading fake applications that deceive users into sharing their financial information. The...

EPI Introduces Wero Wallet in Germany

The European Payments Initiative (EPI) has introduced its mobile-first wallet and an instant account-to-account payments system in Germany, with plans for expansion into other countries...

Fintech Funding Declines Sharply in H1 2023

UK fintech funding has declined in the first half of 2023, with total cash raised reaching $2.9 billion—marking a 37% decrease compared to the latter...

Bank Employees Sentenced to Prison for £1 Million Fraud Scheme

Banking insiders involved with an organized crime group have been sentenced for stealing up to £1 million from customer accounts. Members of the criminal group,...

MUFG Makes Strategic Investment in Thai Super App Ascend Money

MUFG and the Finnoventure Private Equity Trust I fund have invested $195 million in Thailand-based fintech unicorn Ascend Money. Ascend Money, part of the Charoen...