2025 – Page 306 – FintechDaily

NatWest Acquires Metro Bank’s £2.4 Billion Mortgage Portfolio

NatWest has acquired Metro Bank’s £2.4 billion mortgage portfolio, which is expected to add approximately 10,000 customer accounts that will continue to be serviced by...

UK Bank Fraud Losses Exceeded £1 Billion Last Year

Fraud losses in the UK declined by four percent in 2023 but still exceeded £1 billion, according to UK Finance data. Criminals managed to steal...

Canada Halts Development of Retail CBDC

After years of research, the Bank of Canada has announced that it is "scaling down" its efforts regarding a retail central bank digital currency (CBDC)....

Another One Bites the Dust: Kikapay Folds

Kikapay, a pioneering startup in the UK’s open banking landscape, has become another fintech casualty amid shifting economic conditions. Founded in 2018, Kikapay leveraged open...

CFPB Boosts Open Banking in the U.S. with New Data Regulation

The Consumer Financial Protection Bureau (CFPB) has unveiled its long-anticipated open banking rule, aimed at enhancing competition within the U.S. banking and payments sectors. The...

TSB to Close Branches and Reduce Workforce as Part of Cost-Saving Initiative

In response to a news report by Sky, TSB has commented on Sabadell CEO Cesar Gonzalez-Bueno's remarks regarding a £29 million provision for restructuring within...

MAS Directs DBS and Citibank to Probe Extended Service Disruption

The Monetary Authority of Singapore has instructed DBS and Citibank to investigate the lengthy downtime experienced after a recent outage that disrupted online and payment...

FCA Discovers Companies Attempting to Bypass Regulations on Crypto Promotions

The Financial Conduct Authority (FCA) is actively targeting crypto firms that attempt to evade new regulations on financial promotions by using illegible warning notices. Since...

Study Reveals Market Data Vendors Are Overcharging Users with Significant Price Hikes

A recent study conducted by Substantive Research reveals that market data prices are escalating at unprecedented rates, even as the Financial Conduct Authority (FCA) continues...

Mastercard Brings GenAI to the Dark Web

Mastercard is leveraging generative AI to significantly enhance the speed of detecting potentially compromised cards. The company's advanced fraud protection technology can now better predict...