January 2025 – Page 60

Swift Aims to Link VoP Initiatives Across Europe

Bank-to-bank payment messaging network Swift is working to enhance the interoperability of Verification of Payee (VoP) schemes across Europe. New research indicates that 83% of...

Plenty Unveils Fintech Platform Tailored for Millennial Couples

Plenty, a financial platform designed to facilitate discussions, management, and investment of money for couples, has successfully raised $2.75 million in pre-seed funding. The funding...

Laybuy, a BNPL Company, Goes into Receivership

New Zealand-based buy now, pay later lender Laybuy has entered receivership after failing to find a buyer for its struggling business. Laybuy was listed on...

Monzo Founder Blomfield Becomes Part of Y Combinator

Monzo founder Tom Blomfield has joined Y Combinator, a prominent startup accelerator and venture capital firm, as a group partner. Blomfield departed the UK challenger...

ANZ to Introduce Technology for Detecting Mule Accounts

ANZ is enhancing its security capabilities with a new tool designed to detect mule accounts that are being used to receive funds from scam victims...

Webull to Go Public Through $7.3 Billion SPAC Merger

Digital investing platform Webull is set to go public through a $7.3 billion merger with the special purpose acquisition company (SPAC) SK Growth Opportunities. The...

Opportunities and Hurdles of Central Bank Digital Currencies (CBDCs)

What does the future hold for CBDCs in Europe, and what insights do experts have on stablecoin adoption? These questions were addressed at EBAday 2024...

Klarna Reduces Losses by 50% and Anticipates Profitability Return

Klarna is set to achieve profitability before the end of 2023, as indicated by the company’s first quarter results, which reveal that it has significantly...

Ex-Bank Employee Sentenced to Prison for £130,000 Fraud Scheme

A former bank employee and his accomplice have received a combined sentence of five years and seven months in prison for stealing £130,000 from customer...

Wholesale CBDCs More Likely to Be Issued in the Near Term Than Retail Versions

There has been a significant increase in experiments and pilots involving wholesale central bank digital currencies (CBDCs) over the past year, according to the Bank...