2025 – Page 326 – FintechDaily

Lloyds Celebrates the Achievements of Its Innovation Sandbox in Promoting Fintech Collaboration

Lloyds Banking Group has celebrated the success of its in-house Innovation Sandbox as a vital tool for enhancing collaboration with fintech companies. The Sandbox serves...

HSBC Alerts Customers to Surge in Fake Apps

HSBC has issued an urgent fraud warning following a surge in UK customers downloading fake applications that deceive users into sharing their financial information. The...

EPI Introduces Wero Wallet in Germany

The European Payments Initiative (EPI) has introduced its mobile-first wallet and an instant account-to-account payments system in Germany, with plans for expansion into other countries...

Fintech Funding Declines Sharply in H1 2023

UK fintech funding has declined in the first half of 2023, with total cash raised reaching $2.9 billion—marking a 37% decrease compared to the latter...

Bank Employees Sentenced to Prison for £1 Million Fraud Scheme

Banking insiders involved with an organized crime group have been sentenced for stealing up to £1 million from customer accounts. Members of the criminal group,...

MUFG Makes Strategic Investment in Thai Super App Ascend Money

MUFG and the Finnoventure Private Equity Trust I fund have invested $195 million in Thailand-based fintech unicorn Ascend Money. Ascend Money, part of the Charoen...

CMA Highlights Competitive Issues Related to AI Foundation Models

The Competition and Markets Authority (CMA) has identified significant risks to fair competition in AI Foundation Models (FMs) amid the rapid evolution of AI in...

Contractor Sentenced to Four Years in Prison for Defrauding Bank of More Than £2 Million

A contractor who worked for a major UK bank has been sentenced to four years in prison after successfully diverting over £2 million of the...

G+D Introduces Offline Payment Technology

Germany's Giesecke+Devrient (G+D) has introduced a token-based system designed for secure offline payments. G+D Filia Unplugged facilitates consecutive, secure offline payment transactions anytime and anywhere,...

UK Fintechs Worry About Their Future

The UK’s fintech sector is facing an uncertain future, with almost half of firms indicating potential risks of failure by the end of 2023. This...