May 7, 2025 – FintechDaily

Bank Faces 15% Profit Impact from Climate Change

The Bank of England has issued an urgent advisory to financial institutions, urging them to proactively address climate-related risks or risk incurring a significant decline...

Stripe Alumni Secure €10.7 Million for Business Identity Startup

Duna, a business identity startup founded by former Stripe employees, has secured €10.7 million in a Seed funding round led by Index Ventures. Duna's platform...

EU and UK: Pioneers in Global AI Regulation

The European Union and the United States recently announced their plans to develop a voluntary code of conduct for artificial intelligence, expecting to have a...

BaaS Platform BKN301 Secures £18.6 Million in Series B Funding

BKN301, a burgeoning startup specializing in digital payments and Banking-as-a-Service (BaaS), has successfully secured £18.6 million in funding to facilitate its international growth and strategic...

Tandem Bank Names Chief Impact and Marketing Officer

Tandem Bank has appointed Georgina Whalley as its first Chief Impact and Marketing Officer, a newly established role aimed at enhancing the digital bank's green...

PayPal Introduces Contactless Mobile Wallet in Germany

PayPal is taking a significant step in expanding its presence on the high street with the launch of a contactless mobile wallet in Germany. This...

UK FS Players Collaborate to Fund Implementation of Commercial VRPs

A group of 31 players in the open banking and payments industries has committed to funding the creation of a new company aimed at commercializing...

OpenAI Warned by Japanese Privacy Regulatory Authority

The Japanese Personal Information Protection Commission has issued a warning to OpenAI regarding its collection of sensitive data without obtaining user consent. In its statement,...

Klarna Reaches 11 Million Customers in the UK

Swedish BNPL leader Klarna has surpassed 11 million active customers in the UK and has doubled its merchant base to 60,000 within a year. The...

CFPB to Reconsider Open Banking Regulation

In its latest development, the Consumer Financial Protection Bureau (CFPB) is reportedly planning to reopen its recently finalized open banking rule, as reported by Bloomberg...