January 2025 – Page 130

UK Payments Regulator Suggests Limit on Interchange Fees

The Payment Systems Regulator (PSR) is proposing a cap on cross-border interchange fees for credit and debit cards in an effort to shield UK businesses...

Swift Begins Live Trials for Digital Asset Infrastructure

Banks worldwide will begin live trials next year for digital asset and currency transactions on the Swift network. Although the Swift network has previously facilitated...

Revenir AI Revolutionizes Mobile VAT Reclaim for Travelers with a Seamless Solution

UK fintech startup Revenir AI has launched a white-label app designed for banks, enabling travelers to automatically reclaim VAT on overseas purchases through their smartphones....

APP Fraud Prevention Platform Salv Secures €3.9 Million to Launch in the UK

Estonian Regtech company Salv has successfully secured €3.9 million in new funding, aimed at facilitating its expansion into the UK market. This funding round features...

Mastercard Launches Pilot Program for Crypto Credential Network

Mastercard has initiated a pilot for its Crypto Credential network, allowing cross-border peer-to-peer digital asset transactions between Latin America and Europe. Last year, Mastercard introduced...

Nth Exception Introduces AI Tool to Facilitate ISO 20022 Adoption

London-based fintech Nth Exception has launched Nucleus, a machine learning data fabric designed to assist financial institutions in adopting ISO 20022. Led by ISO 20022...

Bank of Ireland UK Censured by ICO for Errors Affecting Over 3,000 Accounts

Inaccurate data was shared from 3,284 customer profiles to credit reference agencies, potentially leading to refusals for mortgages, credit cards, or loans, as well as...

NatWest Debanking Review Indicates Potential Breach of FCA Regulations

A recent debanking review has suggested that NatWest may have breached regulations set by the Financial Conduct Authority (FCA). This follows scrutiny and criticism over...

KfW Chooses Boerse Stuttgart for Issuance of Blockchain-Enabled Digital Bond

German development bank KfW has chosen Boerse Stuttgart Digital as its infrastructure partner for an upcoming blockchain-based digital bond. As part of the agreement, Boerse...

Visa Introduces Platform to Assist Banks in Issuing Fiat-Backed Tokens

Visa has introduced a new platform designed to assist banks in issuing and managing fiat-backed tokens, including stablecoins, on blockchain networks. The Visa Tokenised Asset...