August 2025 – Page 8 – FintechDaily

Santander Cuts 2,000 Jobs in the UK

Banco Santander has announced a significant reduction of 2,000 jobs in the UK as part of its ongoing cost-cutting initiatives. Last October, the bank revealed...

Starling’s Revaluation Boosts Chrysalis Shares

Shares in the £582 million growth capital fund Chrysalis surged by 10% following a significant increase in the valuation of its portfolio company, Starling Bank....

Uzum Secures $70 Million to Expand Fintech Infrastructure

Uzum, a prominent fintech and digital banking institution based in Uzbekistan, has successfully raised nearly $70 million in equity funding. This round saw participation from...

UK Retail Investors Prefer Index Funds

The Investment Association (IA) has reported significant interest in index trackers, which saw £1.1 billion in inflows during June 2025, reflecting a strong trend toward...

Grasshopper Secures $46.6 Million in Funding

Digital business bank Grasshopper has successfully secured $46.6 million in funding to facilitate its merger with Auto Club Trust. Patriot Financial Partners led this investment...

Wall Street Players Finalize On-Chain US Treasury Financing on the Canton Network

A consortium of financial institutions, including Bank of America, Circle, and the DTCC, has achieved a significant milestone by utilizing the Canton Network blockchain platform...

Binance Teams Up with BBVA to Enable Customers to Store Crypto Off Exchange

BBVA has entered into a partnership with Binance to enable off-exchange custody services for the crypto company's customers, as reported by the Financial Times. This...

Zodia Markets Secures More than $18 Million in Series A Funding

Zodia Markets, the digital asset platform backed by Standard Chartered, has successfully raised $18.25 million in a Series A funding round, driven by increasing demand...

Lloyds Introduces In-App Barcode Scanning for Cash Deposits at PayPoint Stores

Lloyds is the first major UK bank to introduce a mobile app feature that enables customers to deposit cash at over 30,000 PayPoint locations nationwide...

Revolut and Wise Alumni Secure $3 Million for Blockchain Payments Startup

Riva Money, a blockchain-based cross-border money transfer startup founded by alumni from Revolut and Wise, has successfully completed a pre-seed funding round led by Project...