January 2025 – Page 126

UK Should Leverage Open Banking to Challenge Card Schemes

The UK should leverage open banking to give retailers an alternative to card payments and enhance the efficiency of "clunky" P2P bank transfers, according to...

Trinidad and Tobago to Implement India’s UPI Payment Technology

Trinidad and Tobago has recently partnered with NPCI International Payments to establish a real-time payments system modeled after India's UPI. The Ministry of Digital Transformation...

Fintech Departure Intensifies as Family Finance App Nosso Shuts Down

Family finance app Nosso is the latest UK fintech to shut down, following in the footsteps of circular economy firm Twig, open banking player Kikapay,...

UK Companies Falling Behind on Sanctions Screening

According to a recent survey, UK companies are struggling to meet the requirements for sanction-screening prospective clients amidst increasing global geopolitical tensions. Data from UK-based...

US Online Brokerages Struggle Amid Market Downturn

US online brokerages experienced downtime as the market opened, with concerns of a potential stock market rout. DownDetector reported multiple issues at several leading online...

CBA Pilots NameCheck Technology on JPMorgan’s Liink Blockchain

Commonwealth Bank of Australia (CBA) is set to enhance the validation of bank account details for international payments to Australia by integrating its NameCheck technology...

Wells Fargo and Fiserv Terminate Merchant Acquiring Joint Venture

Wells Fargo and Fiserv will conclude their long-standing merchant acquiring joint venture next year. Wells Fargo Merchant Services (WFMS), in which Fiserv acquired a 40%...

Sibli Secures $4.5M for AI-Driven Investment Research

Sibli, a startup utilizing AI to assist asset managers in the investment research process, has secured $4.5 million in seed funding. The funding round was...

PaymentSense Targets Irish Financial License

Ireland's payments sector is poised for heightened competition as reports emerge that UK-based PaymentSense intends to apply to the Central Bank for an e-money license....

UK Funds Receive Approval for Tokenization

Investment funds authorized in the UK may now advance their tokenisation strategies following the release of the inaugural report from a government-backed industry working group....