January 2025 – Page 78

Revolut Halts Cryptocurrency Purchases for UK Business Clients

Revolut has suspended certain crypto services for business users as it adjusts to new regulations regarding financial promotions. Since October 8, 2023, businesses promoting cryptoassets...

Non-Sweeping VRPs to Launch in Phase 1 of UK Rollout Scheduled for Q3 2024

Financial regulators in the UK are set to roll out non-sweeping variable recurring payments (VRP) in a Phase 1 implementation by the third quarter of...

Communify Purchases Fincentric from S&P Global

Wealthtech entrepreneur John Wise and Stellex Capital Management have acquired S&P Global’s Fincentric business to enhance digital experiences and financial data distribution for the wealth,...

Bunq Utilizes NVIDIA AI to Combat Financial Fraud

Dutch neobank bunq recently announced a partnership with NVIDIA to tackle financial fraud utilizing accelerated computing and AI. To address the increasing demands of customers...

PayPal Utilizes Stablecoin for Invoice Payments

PayPal has recently utilized its proprietary PYUSD stablecoin for invoicing, marking a significant milestone for the company. The firm executed a payment to Ernst &...

Treasury Prime Implements Strategic Shift, Leading to Staff Layoffs

Embedded banking platform Treasury Prime has recently laid off half of its staff as part of a strategic pivot to sell directly to banks. Since...

Iosco Releases Policy Recommendations for DeFi

International securities regulator IOSCO has outlined nine policy recommendations aimed at addressing concerns related to market integrity and investor protection in the realm of decentralized...

Zepz Secures $267 Million in Funding Round

London-based money transfer company Zepz has secured $267 million in a funding round led by Accel. Leapfrog and TCV also participated in this round, while...

Leading Fintech Executives Unite in Innovate Finance’s ‘Unicorn Council’

Innovate Finance has gathered the CEOs and founders of the UK's largest fintech companies to establish a 'Unicorn Council' aimed at lobbying the government on...

PSR Implements Major Overhaul in Reimbursement Guidelines for APP Fraud Victims

The UK's Payment Systems Regulator (PSR) has announced plans to enhance protections for victims of authorised push payment (APP) fraud, set to take effect in...