FinTech News & Updates

Stay informed with the latest breaking news, market updates, and industry developments

Jan 21, 2025 FinTech News

Swedish Central Bank The Riksbank Urges Banks to Support Tips Cross-Currency Payments

Sweden’s central bank, the Riksbank, is urging domestic banks to actively engage in advancing instant cross-currency payments through the Target…

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Jan 20, 2025 FinTech News

Trump Meme Coin Faces Volatility as Melania Launches Rival Token

The cryptocurrency market experienced intense fluctuations after $Trump, a meme coin minted by incoming US President Donald Trump, briefly lost…

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Jan 20, 2025 FinTech News

UK WealthTech Fundment Raises £45 Million in Series C Funding

UK-based WealthTech startup Fundment, founded by former BlackRock and abrdn asset manager Ola Abdul, has secured £45 million in Series…

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Jan 20, 2025 FinTech News

American Express to Pay $230 Million for Alleged Deceptive Sales Practices

American Express has agreed to a $230 million settlement to address accusations of deceptive sales tactics involving credit cards and…

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Jan 20, 2025 FinTech News

Revolut Combats Impersonation Scams with In-App Calls

Fintech leader Revolut has launched in-app calls to better protect its retail customers from impersonation scams, a common fraud tactic…

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Jan 17, 2025 FinTech News

Amazon to Acquire Indian BNPL Firm axio for $150M+

Amazon has agreed to purchase Indian buy now, pay later (BNPL) provider axio in a deal reportedly exceeding $150 million.…

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Jan 17, 2025 FinTech News

Mastercard gender and race bias settlement

Mastercard will pay $26 million to settle a class action lawsuit alleging gender and race-based pay discrimination, affecting thousands of…

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Jan 17, 2025 FinTech News

Block Fined $255 Million Over Cash App AML and Fraud Failings

Block Inc. has been fined $255 million over AML and fraud failures on its Cash App platform, with penalties imposed…

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Jan 17, 2025 FinTech News

Amazon to Acquire Indian BNPL Firm Axio for Over $150 Million

Amazon agrees to acquire Indian BNPL firm Axio in a deal exceeding $150 million, aiming to enhance financial services and…

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Jan 15, 2025 FinTech News

Nevermined Secures $4M to Develop ‘PayPal for AI’

Nevermined, a cutting-edge startup aiming to create payment infrastructure tailored for AI-to-AI transactions, has raised $4 million in a funding…

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