March 20, 2025 – FintechDaily

NymCard Secures $33 Million in Funding for Banking-as-a-Service in MENA Region

Abu Dhabi-based banking-as-a-service vendor NymCard has successfully raised $33 million in a Series B funding round. Led by QED Investors, this round attracted significant support...

Fiserv Expands European Presence with CCV Acquisition

Fiserv has acquired CCV, a 67-year-old provider of payment services operating in the Netherlands, Belgium, and Germany, in a move aimed at enhancing the growth...

Metro Bank to Implement AI in Corporate and Commercial Loan Portfolio

Metro Bank has announced the adoption of an advanced AI platform from Covecta, aimed at significantly reducing the time required to process loans within its...

Monzo Creates Backup Bank to Address Service Outages

Engineers at Monzo have introduced a groundbreaking backup banking system—known as Monzo Stand-in—designed to operate independently and can be activated immediately during service outages. This...

Why Inaction is the Key Biodiversity Challenge in Financial Portfolios

In recent times, the awareness and understanding of biodiversity within the banking and financial sectors have undergone a significant transformation. There is a growing recognition...

Fed Working Group Proposes Network for Sharing Scam Information

A Federal Reserve-backed working group has recommended that the US payments industry establish an independent information exchange framework designed to provide a centralized source for...

Utila Secures $18 Million Investment for Institutional Digital Asset Wallets

Digital assets operations platform Utila has successfully raised $18 million to capitalize on the growing popularity of stablecoins. The Series A funding round was spearheaded...

Google Wallet Enables Kids to Make In-Store Purchases

Google Wallet is receiving an update that allows children, with parental consent, to make contactless in-store payments using their Android devices. In addition to payments,...

Goldman Takes a Cautious Approach to AI Implementation

Goldman Sachs is strategically integrating artificial intelligence across its organization, recognizing the continuing evolution and uncertainties associated with this technology. Currently, 50% of the firm's...

Consumer Coalition Urges FCA to Drop Email Deletion Initiatives

A coalition of consumer advocacy groups has formally reached out to UK ministers, urging the Financial Conduct Authority (FCA) to abandon its proposal to automatically...