UK Unveils National Payments Vision to Modernize the Financial Ecosystem
The UK government has introduced its National Payments Vision (NPV), a comprehensive blueprint aimed at transforming the country’s payments landscape. With a focus on reducing “regulatory congestion” and fostering ... Read More
Bitfinex Hacker Sentenced to Five Years for Laundering Stolen Cryptocurrency
Ilya Lichtenstein, the hacker behind the infamous 2016 Bitfinex cryptocurrency heist, has been sentenced to five years in prison for his role in laundering nearly 120,000 stolen bitcoins. At the time of the theft, the stolen cryptocurrency ... Read More
FinCEN Issues Warning to Banks Over Growing Deepfake Threat
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to financial institutions regarding the rising use of deepfake technology in fraud schemes. The advisory focuses on the use of ... Read More
PayPal Launches Money Pooling Tool for Group Purchases Across Key Markets
PayPal has launched a new money pooling tool, allowing friends and family to easily share expenses for group purchases. Available in the US, Germany, Italy, and Spain, the feature enables users to set up a pool within the PayPal app or ... Read More
Morgan Stanley Invests $20 Million in Embedded Finance Leader NovoPayment
Morgan Stanley Expansion Capital has invested $20 million in NovoPayment, a leading provider of embedded financial and payment infrastructure. NovoPayment offers a comprehensive suite of services for banks, neo-banks, digital merchants, ... Read More
Mastercard to Eliminate Passwords and Manual Card Entry by 2030 with Tokenisation and Biometrics
Mastercard is taking bold steps to revolutionize online payments by aiming to eliminate manual card entry, passwords, and one-time codes by 2030. With e-commerce growing rapidly, online fraud rates remain seven times higher than in-store ... Read More
Visa Partners with Affirm to Launch Flexible Payment Card Offering Debit and BNPL Options
Visa has collaborated with Affirm to bring its “flexible credential” technology to the U.S., allowing consumers to toggle between debit and buy now, pay later (BNPL) options through a single card. The new Affirm card, powered ... Read More
Agicap Secures €45M in Series C Funding, Driving Cash Flow Automation for European SMEs
Agicap, a French treasury management platform, has successfully raised €45 million in a Series C funding round led by AVP. Since its inception in 2016, Agicap has focused on simplifying cash flow management for SMEs and mid-market ... Read More
Ualá Reaches $2.75 Billion Valuation with $300 Million Funding Round
Argentinian fintech Ualá has secured $300 million in a Series E funding round led by Allianz‘s VC arm, raising its valuation to $2.75 billion. Investors in the round included Tencent, Goldman Sachs Asset Management, Soros Fund ... Read More
Satispay Raises €60 Million Amidst Continued Growth
Italian mobile payment unicorn Satispay has secured €60 million in funding from existing shareholders Addition, Greyhound, and Lightrock, bringing its total funding to over half a billion euros. The milestone follows a rapid expansion, ... Read More