UK Fintech Investment Falls by 34% in 2023
Total UK fintech investment fell to $12.3 billion in 2023, a decrease of 34% from $18.7 billion in 2022, as reported by KPMG’s Pulse of...
Musk and Sunak Discuss AI Regulation at the UK AI Safety Summit
Towards the end of the UK’s AI Safety Summit, Prime Minister Rishi Sunak and tech mogul Elon Musk engaged in a dialogue about artificial intelligence...
European Investment Bank Provides Nexi with €220 Million Loan
The European Investment Bank (EIB) is providing a loan of €220 million to Italian paytech leader Nexi Group to foster digital payment innovation. Nexi plans...
FCA Issues Warning to Banks Regarding APP Fraud and Inadequate Victim Support
With authorised push payment (APP) fraud increasing, the FCA has urged banks to enhance their anti-crime measures and improve the support they provide to fraud...
CFPB Suggests Increased Regulation of Major Tech Companies’ Digital Wallets
The Consumer Financial Protection Bureau (CFPB) is moving to regulate tech giants like Apple and Google, which offer digital payment apps and wallets. The CFPB...
EU Reaches Landmark Agreement on Instant Payment Solutions
The European Council and European Parliament have reached a provisional agreement regarding the mandatory provision of instant credit transfers in euros, along with granting non-bank...
Payments is Set for a Revamp
Finextra is returning to Stockholm to explore key topics in the Nordic banking sector at the NextGen Nordics 2024 conference on April 23rd. Visa will...
Are Stablecoins Really Stable? The BIS Weighs In
Not a single stablecoin monitored by the Bank for International Settlements has successfully maintained its currency peg, raising critical questions about their effectiveness in the...
SIX Swiss Exchange Restarts Trading After Technical Disruption
SIX Swiss Exchange will resume trading at 14:30 after experiencing technical issues that led to two suspensions of trading in stocks, bonds, and exchange-traded funds....
Barclays Invests in Velotix, a Former Rise Academy Alumnus
AI-based data security platform Velotix has secured funding from Barclays Bank and Capri Ventures. A former graduate of the Barclays Rise Growth Academy, the New...