February 2025 – Page 19

Affirm and FIS Collaborate to Enable Banks to Provide BNPL Options Through Debit Cards

Affirm has partnered with FIS to provide integrated Buy Now, Pay Later (BNPL) capabilities directly to debit card issuers. This collaboration will enable FIS debit...

Citi Flex Pay Now Available on Apple Pay

Citi is introducing buy now, pay later functionality to Apple Pay, allowing cardholders to divide their purchases into fixed monthly payments. Eligible cardmembers can now...

Bitpanda Secures FCA Approval for UK Expansion

European crypto platform Bitpanda has received approval from the Financial Conduct Authority to broaden its operations in the UK. This decision will provide British investors...

Stripe Introduces ID Verification Tool Amidst High Investor Demand

Stripe is expanding its offerings beyond payment processing by introducing a new tool that enables internet businesses to securely verify user identities across more than...

Mastercard Introduces AI-Driven AML Service in the Asia Pacific Region

Mastercard has introduced a new service in the Asia Pacific region called Trace, designed to leverage AI for identifying and preventing money laundering and financial...

EC Proposes Transition to T+1 Settlement by 2027

The European Commission is advancing a proposed legislative amendment aimed at transitioning the EU to a T+1 settlement cycle by October 2027. In November, the...

Bankman-Fried Abandoned as Ex-Executives Enter Guilty Pleas

Two high-level associates of FTX founder Sam Bankman-Fried have pleaded guilty to fraud charges connected to the dramatic collapse of the cryptocurrency exchange. Carolyn Ellison,...

Zepz to Cut 200 Jobs

London-based money transfer company Zepz is reportedly laying off around 200 employees, as stated by CNBC. The organization, formerly known as WorldRemit, is reducing its...

One-Third of Central Banks Postpone CBDC Timelines

With Donald Trump imposing a ban on developments related to a digital dollar, a recent central bank survey indicates that while 75% still intend to...

AML Regulations Increasing Compliance Costs Throughout the UK

A recent report from LexisNexis Risk Solutions highlights that escalating Anti-Money Laundering (AML) regulations are driving up compliance costs for financial institutions in the UK,...