February 2025 – Page 4

UK Government Considers Abolishing the Payment Systems Regulator

The UK Government is contemplating the dissolution of the Payments Systems Regulator (PSR) and its integration into the Financial Conduct Authority (FCA). The PSR operates...

Major Banks Invest $26 Million in Investor Communications Platform Proxymity

Investor communications platform Proxymity has raised $26 million in funding from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, JPMorgan, and State Street. Originally...

SEC Discontinues Investigation into Robinhood Crypto

Robinhood has announced that the Securities and Exchange Commission (SEC) is ending its investigation into the trading app's cryptocurrency division. This development follows news that...

Taurus Introduces Private Token Standard Tailored for Banks

Swiss blockchain startup Taurus has introduced an open-source token standard aimed at enhancing the digital assets market, specifically for debt and equity transactions. The new...

eToro Submits Filing for Initial Public Offering

Israeli multi-asset investment platform eToro has confirmed its filing for an IPO on Wall Street, aiming for a valuation of at least $5 billion. Founded...

Compliance Experts Divided on the Benefits of AI

As financial crime and regulatory scrutiny continue to rise, organizations are increasing their spending on compliance initiatives, though many remain skeptical about relying solely on...

Bank of Ireland to Trim Workforce as Part of Efficiency Initiative

Bank of Ireland is planning to reduce its workforce as part of a digitally-driven efficiency initiative, according to CEO Myles O'Grady. This decision comes despite...

Monument Bank Collaborates with Firenze to Provide Lombard Lending Access

Monument Bank has joined forces with Firenze, a fintech specializing in Lombard lending for wealth managers. The UK-based challenger bank has committed £160 million in...

Ireland’s AIB to Eliminate ATMs at 70 Branch Locations

Irish high street bank AIB plans to discontinue cash services at 70 of its branches, a decision that has sparked significant backlash in rural Ireland....

Asia Set to Lead the Global Fintech Market – Report

Asia is projected to account for nearly half of global fintech transactions by the end of the year, outpacing other regions, according to recent research....