April 2025 – Page 4 – FintechDaily

UK Banks Struggling with Tepid Sustainable Trade Finance – Pole Star

Banks Face Trade Finance Losses Due to Insufficient Decarbonization Efforts A recent study by Pole Star reveals that 90% of UK banks and 56% of...

Next Generation Stablecoin Payment System Secures $5 Million in Seed Funding

French fintech Next Generation has secured $5 million in Seed funding to launch its B2B payment ecosystem and explore M&A opportunities. In August, Next Generation...

UK Mortgage Fintech Sprive Secures £5.5 Million Funding

UK mortgage overpayment app Sprive has raised £5.5 million in a funding round led by Ascension, with participation from Channel4Ventures, Velocity Capital, and Two Magnolias....

ACA Group Acquires Ethos ESG

Governance, risk, and compliance advisor ACA Group has expanded its portfolio with the acquisition of Ethos ESG, a firm specializing in ESG ratings data and...

Amazon Enhances Alexa with Generative AI Technology

Amazon has unveiled plans to upgrade its virtual assistant, Alexa, with a new generative AI model, further intensifying the competition among major tech companies. The...

NatWest Commits to Supporting SMEs During UK Energy Crisis

NatWest and the Federation of Small Businesses (FSB) have partnered to analyze and support UK businesses grappling with the ongoing cost of living crisis. The...

Tether Invests €400 Million in NVIDIA Chips to Advance AI Strategy

Damoon, a subsidiary of Tether with a majority stake held by Northern Data Group, has acquired over 10,000 NVIDIA H100 Tensor Core GPUs, amounting to...

Nubank Reaches Over 100 Million Customers in Brazil

Brazilian digital banking giant Nubank has achieved a significant milestone, surpassing 100 million customers in its home country, representing 57% of the adult population. In...

America’s Largest Banks Undergo Testing for Climate Risk Management

Six major banks in the United States are set to engage in a year-long climate scenario analysis aimed at evaluating their preparedness for hypothetical climate-related...

Nubank Secures Banking License Approval in Mexico

Brazilian fintech giant Nubank has received approval from Mexican regulators to become a bank in the country. The National Banking and Securities Commission (CNBV) has...