Finextra’s Annual Recap
As we approach the end of 2024, let's reflect on the year's most significant news stories and community engagement activities. Top News Stories of 2024...
Dave Confronts Lawsuit in the U.S.
The US Department of Justice and Federal Trade Commission have initiated legal action against Dave, the mobile banking app, alleging that it misled customers regarding...
Tokenization in eCommerce: Enhancing Security and Efficiency
During a recent panel discussion on tokenisation, experts Suzana Kordumova, product manager at Netcetera; Stephan Hackenberg, solution sales director at Giesecke+Devrient; Matteo Gamba, head of...
Klarna to Implement AI Technology, Reducing Workforce by Half
Klarna reported a 27% revenue increase in the first half of 2024, driven primarily by its significant implementation of AI. CEO Sebastian Siemiatkowski indicated that...
Former Revolut Executives Launch Digital Wallet
A group of former staff from Revolut, Coinbase, and Spotify has launched Zeal, a digital wallet designed for managing cryptocurrency and interacting with web3 and...
Blockchain Organizations File Lawsuit Against US IRS Over New DeFi Regulations
The US Internal Revenue Service (IRS) and Treasury are being sued by several blockchain trade groups in response to new regulations for crypto brokers. The...
WhatsApp Pay Now Accessible to All Users in India
Meta-owned WhatsApp has received approval to launch its peer-to-peer (P2P) payments service for all users in India. Leveraging India's Unified Payments Interface, WhatsApp Pay allows...
Uzbek Mobile Bank TBC Secures $10 Million Funding from Impact Investor responsAbility
TBC Bank is looking to expand its microlending business and enhance financial inclusion in Uzbekistan, the largest country by population in Central Asia. The bank,...
Swift Chosen to Develop National Confirmation of Payee Service in Australia
Financial messaging co-operative Swift has been engaged by Australian Payments Plus (AP+) to develop a confirmation of payee service aimed at mitigating the risk of...
Barclays Makes Investment in WealthOS
Barclays has led a £2 million seed funding round for WealthOS, a cloud-native and API-driven core wealthtech startup. The round also saw participation from VC...