January 2025 – Page 97

Fiinu Faces Challenges as Banking License Revoked

Shares in UK digital banking startup Fiinu have taken a significant hit following the withdrawal of its restricted banking license due to challenging market conditions....

Crossover Markets Secures $12 Million in Funding Round

Crossover Markets, a digital asset trading technology firm, has secured $12 million in a Series A funding round led by Illuminate Financial and DRW Venture...

Worldpay Teams Up with Mastercard to Combat Payment Fraud

Worldpay is set to offer Mastercard’s Ethoca Alerts to its one million merchants worldwide, enabling faster resolution of transaction disputes and reducing chargebacks. Ethoca Alerts...

NatWest App Malfunction Prevents Customers from Making Payments

The NatWest banking app experienced technical difficulties for the second time in three months, leaving numerous customers unable to make payments or fund transfers on...

Application Period Now Open for Fintech Zone

Finextra and the Euro Banking Association are inviting startups from around the globe to apply for the 2024 Fintech Zone at EBAday 2024 in Lisbon....

FCA Chief Alerts Banks to AI Risks and Threats from Big Tech

FCA chief Nikhil Rathi has called on banks to increase their spending to address the growing threats posed by AI and 'deep fake' fraud. In...

The Bank of London Seeks EU Banking License

The Bank of London, a global clearing and transaction banking startup, has applied for a European banking license and plans to invest €200 million and...

Atlantic Money Offers Affordable Swift Alternative with No-App Required Money Transfers

Money movement firm Atlantic Money is enabling users to bypass its app and send and receive currencies directly through their own bank accounts. With the...

CFIT Introduces ‘Open Finance Coalition’ and Reveals Founding Members

The Centre for Finance, Innovation and Technology (CFIT) has announced the founding members of its ‘Open Finance Coalition’, which aims to leverage financial data to...

Canapi Ventures Secures $750 Million for Fintech Fund

Canapi Ventures, a venture capital firm focused on fintech startups, has successfully raised $750 million for its second fund. Founded by former Comptroller of the...