Latest News – Page 348

TrueLayer Achieves Growth Despite Financial Losses

TrueLayer, a payments platform backed by Stripe, is facing increasing losses as detailed in its latest financial reports. The company reported a pre-tax loss of...

FCA and Bank of England Launch Digital Securities Sandbox

The UK's two principal financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the launch of their Digital Securities...

Man Admits Guilt in Unauthorized Operation of Cryptocurrency ATM Network

In a significant first for the UK, 45-year-old Olumide Osunkoya from London has pleaded guilty to illegally operating a network of crypto ATMs without proper...

MoneyGram Stunned by UK Post Office’s Decision to Terminate Partnership

US money transfer giant MoneyGram has reacted to the UK Post Office's decision to terminate a longstanding partnership following a cybersecurity incident. As reported in...

Big YXT, a Financial Markets Analytics Firm, Secures €10 Million in Equity Funding

Financial markets AI-analytics firm big xyt has secured a €10 million funding round to support its global expansion. Big xyt has developed a comprehensive ecosystem...

ONS Reports 19% Rise in Consumer and Retail Fraud in England and Wales

The Office of National Statistics (ONS) has indicated that there were approximately 3.6 million incidents of consumer and retail fraud in 2024, reflecting a 19%...

Spendesk Unveils New Payment Institution as Part of Its Spend Management Platform

French spend management platform Spendesk has launched a financial services division operating under a licence from Autorité de contrôle prudentiel et de résolution, granting the...

Australia Unveils Initiative to Tackle Tech Talent Shortage

The Tech Council of Australia (TCA) has launched an initiative aimed at tackling the ongoing challenge of attracting tech talent. The Partners Forum will promote...

Starling Bank Penalized £29 Million for ‘Alarmingly Lenient’ AML Screening Practices

The Financial Conduct Authority has imposed a £29 million fine on Starling Bank due to deficiencies in its financial sanctions screening processes. According to the...

UK Payments May Be Postponed by Up to Three Days to Combat Fraud

The UK Treasury is set to empower banks with the ability to delay payments by up to 72 hours in order to investigate suspected fraud...