January 2025 – Page 22

ION Servers Disabled Following Ransomware Attack

ION has experienced a cyber attack that disrupted servers associated with cleared derivatives, leading to trade reporting and matching issues for brokers and competing processing...

EY Appoints Barclays Innovation Executive to Lead New Fintech Lab

EY has appointed Mark Jannetta, the former head of Barclays' Fintech Venture Studio, to lead its inaugural fintech lab located in London. Situated within EY’s...

Fiserv Enhances Embedded Finance Solutions Through Payfare Acquisition

Fiserv is enhancing its embedded finance capabilities through the acquisition of Payfare, a provider specializing in workforce payments for gig economy companies. Fiserv took its...

DTCC Acquires Blockchain Company Securrency

The Depository Trust & Clearing Corporation (DTCC) has reached an agreement to acquire the blockchain-based fintech firm Securrency. Financial details of the transaction have not...

OneBanx Secures £1.27 Million Funding Through Crowdcube

Shared bank branch operator OneBanx has successfully raised £1.27 million on Crowdcube. Backed by Japanese technology group Glory, OneBanx has created a low-cost pop-up kiosk...

EPC Releases RFP for API Test Toolbox to Verify Payee Authenticity

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee (VOP) scheme. The VOP...

SEC Broadens WhatsApp Enforcement to Include Hedge Funds

The Securities and Exchange Commission (SEC) is expanding its investigation into the usage of WhatsApp for business transactions on Wall Street to encompass significant hedge...

Barclays and Maven Invest in Nivo, a Fintech Startup Based in Manchester

Nivo Solutions, a fintech startup based in Manchester and founded by former Barclays executives, has secured a £1 million investment from Maven Equity Finance, supported...

Preview of the Financial Cloud Summit: Keynote Speakers Revealed

Finextra is excited to announce its inaugural Financial Cloud Summit conference, scheduled for 2nd March 2023, taking place in-person at King's Place in London. The...

Checkout.com Reduces Workforce Following Decline in Sales

UK-based payments processor Checkout.com has reduced nearly a quarter of its workforce in response to declining revenue. In its 2023 financial accounts, the company reported...