January 2025 – Page 114

11:FS Appoints Jamie Campbell to Lead New Fintech Fund and Incubator

Challenger consultancy 11:FS is set to launch a new fintech venture fund and accelerator, led by Jamie Campbell, who previously worked with Bud and founded...

Finnish Fintech Saldo Expands into Banking Services

Finnish fintech Saldo is set to launch banking services in the country, starting with a savings account. Founded in 2006 to provide loans to consumers...

BUX Sells UK Subsidiary to APM Capital

BUX Holding has sold its UK business, BUX Financial Services Limited (BFS), to Asseta Holding, the parent company of UAE-based investment firm APM Capital. BFS...

SurePay Secures Belgian Bank Mandate for Confirmation of Payee Technology

Belgium's Centre for Exchange and Clearing has chosen SurePay to implement Confirmation of Payee technology within the domestic banking sector. SurePay was selected through an...

JPMorgan in Discussions to Assume Apple’s Credit Card Portfolio from Goldman Sachs

JPMorgan Chase is negotiating with Apple to take over the tech giant's credit card program from Goldman Sachs. Goldman has sought to divest the Apple...

Qatar’s Karty Secures $2 Million for Digital Wallet Development

Qatari digital wallet startup Karty is preparing for its launch following the acquisition of over US$2 million in seed funding. Karty aims to provide an...

Canadian Fintechs Initiate Public Campaign for Open Banking

Some of Canada's largest fintech companies have launched a campaign to garner public support for government action on open banking and payments modernization. Industry group...

Central Banks Aim to Integrate Compliance Standards into Real-Time Transactions

The Bank for International Settlements, in collaboration with the central banks of Australia, Korea, Malaysia, and Singapore, is investigating the integration of regulatory requirements into...

Contactless Payments Surge in Popularity Among Canadian Shoppers

The number of contactless payments in Canada saw a 17% increase in 2023, making up 63% of all in-store transactions. According to the Canadian Payments...

Could Metro Bank be the next banking failure of 2023?

Metro Bank has faced significant challenges recently. The UK challenger bank's announcement of plans to raise up to £600 million from investors led financial regulators...