News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Local Payment Methods Drive Global eCommerce Growth
According to a recent whitepaper from Juniper Research, the global eCommerce landscape is undergoing a significant shift. This change is due to the rising use of local payment methods. The study indicates that these region-specific payment solutions are breaking down barriers to online shopping. They are making it more accessible and triggering substantial market growth.…
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UK SMEs Lose £6.15bn Annually Due to Outdated Payments
Recent research indicates that UK SMEs suffer significant financial losses due to outdated payment methods. Tink‘s study reveals that SMEs lose an estimated £6.15 billion in annual sales because of manual bank transfers. The study pinpoints the inefficiencies of traditional manual bank transfers. With data from 2,000 UK consumers and 500 SME leaders, it demonstrates…
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AI Coding Flaw Poses Threat to Coinbase and Others
In the rapidly growing software development field, artificial intelligence (AI) has become vital for efficient coding and increased productivity. However, a recent security flaw discovery is causing major concerns, notably for cryptocurrency platforms like Coinbase. Cybersecurity professionals have identified this flaw, dubbed “CopyPasta”. It threatens the efficiency and security of AI-powered coding tools, posing a…
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Q2 2025 Private Market Fundraising Shows Cautious Optimism
The Q2 2025 private market fundraising landscape exhibited a sense of cautious optimism, according to the latest Global Private Market Fundraising Report from PitchBook. Despite the persistent economic uncertainties that have become a challenging backdrop, private capital fundraising demonstrated a remarkable resilience. In fact, capital commitments appear to have stabilised after a period of decline.…
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Irish Banks to Launch Zip Pay, Rival to Revolut in 2026
Competing with the digital banking sector, Ireland’s retail banks are preparing to introduce a mobile payment platform, Zip Pay, in 2026. This initiative, specifically targeting peer-to-peer (P2P) transactions, aims to rival Revolut, a top digital bank. Major players, including Allied Irish Banks (AIB) and Bank of Ireland, are collaborating for this venture. Revolut, among other…
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Brazil’s Central Bank Champions Sustainability and Pix Success
Striding towards digital financial inclusion and sustainability, Banco Central do Brasil (BCB) recently announced two significant milestones. Firstly, the central bank of Brazil published a report on climate risks and social opportunities, reflecting its commitment to sustainable finance. Secondly, its instant payment system, Pix, continues to show robust performance. The recent activities of BCB highlight…
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Seoul Police Bust Crypto Hackers with Chainalysis Aid
The Seoul Metropolitan Police Agency recently dismantled a notorious international hacking ring. Known for pilfering millions in cryptocurrency, the group succumbed to the police’s skilled cyber investigation. The law enforcement agency notably leveraged advanced blockchain analytics from Chainalysis to trace the illicit activities. This pivotal operation represents a major leap forward in combating the escalating…
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Wealthsimple Data Breach Impacts 30,000 Customers
Wealthsimple, a Canadian fintech firm, recently disclosed a data security incident. This breach impacted less than 1% of its three million-strong client base, which equates to around 30,000 customers. The compromised data notably included Social Insurance Numbers (SINs). This incident highlights the growing challenges fintech companies face in safeguarding customer data. As the fintech sector…
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Visa Pay Launches in DRC Boosting Financial Inclusion
Visa recently launched Visa Pay, a new mobile payment solution, in the Democratic Republic of the Congo (DRC). The goal of this initiative is to enhance financial inclusion and stimulate the local economy. In the DRC, financial inclusion poses a significant challenge, with a large section of the population still unbanked. The easy-to-use and universally…
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Julius Bär Report Highlights Stablecoins’ Potential in Finance
Digital currencies and stablecoins are revolutionising the global financial services sector. A recent report from Julius Bär highlights this potential. Stablecoins, digital currencies tied to stable assets like fiat currencies or commodities, are driving this transformation. As we move towards a digital economy, stablecoins offer stability and security. These features make them an attractive option…
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Singapore’s Green Investments Partnership Secures $510m
Singapore consistently strengthens its position as a global hub for financial innovation and regional collaboration. A significant development is the Green Investments Partnership (GIP). It recently achieved its first close, securing US$510 million in committed capital. This milestone is crucial for the blended finance fund, operating under the Singapore FAST-P initiative. The GIP primarily aims…
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Adams Street Partners Expands into Abu Dhabi Market
The Chicago-based firm, Adams Street Partners, LLC, a private markets investment management specialist, recently increased its global presence. The firm unveiled a new office in the Gulf Cooperation Council (GCC) region, marking its first entry into this strategic market. With over $62 billion in assets under management (AUM), this move emphasizes Adams Street’s commitment to…
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Geniez AI Raises £6m to Fuse Mainframes with AI Tech
Geniez AI, a UK-based AI startup, has successfully raised $6 million in a recent seed funding round. StageOne Ventures and Canapi Ventures co-led this round. Geniez AI is leading the way in developing innovative technology that integrates artificial intelligence with existing mainframe systems. With this announcement, Geniez AI underlines its dedication to incorporating AI agents…
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Republic Europe to List SpaceX Mirror Notes Soon
UK fintech enthusiasts, brace yourselves for an exciting development. Republic Europe, formerly known as Seedrs, is set to list SpaceX Mirror Notes soon. This significant step forward enhances access to high-potential private securities using digital assets. If you’re unfamiliar, Mirror Notes, also known as Mirror Tokens, are a novel type of digital assets. They mirror…
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Lead Bank Secures £70m Boosting Valuation to £1.47bn
The Missouri-based financial institution, Lead Bank, has successfully secured a whopping $70 million in its latest funding round. This nearly doubles its valuation from the previous year. According to Bloomberg, the 97-year-old bank’s valuation has now skyrocketed to a notable $1.47 billion. This marks a significant milestone in its journey. Indeed, the bank’s exceptional growth…
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Snappi Becomes Greece’s First ECB Licensed Digital Bank
In a significant stride towards financial digitalisation, Snappi has emerged as the first digital-only bank in Greece, licensed by the European Central Bank (ECB). This development, recently confirmed by the company, signals a major shift in the Greek banking sector as it steps into the digital-only platform arena. Headquartered in Ioannina, Snappi prioritizes app-based banking.…
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Affirm Sheds Light on True Value of Credit Card Rewards
BNPL Fintech Affirm (NASDAQ: AFRM) recently shared insights on the complexities of credit card rewards. The information comes from a blog post by Vishal Kapoor, an expert from the firm. He poses an intriguing question: Are points you might redeem someday worth more? Kapoor’s question is key to understanding the real value of credit card…
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Figure Technology Solutions Eyes $4.1bn Nasdaq IPO
Figure Technology Solutions, the San Francisco-based fintech company powered by blockchain, is reportedly planning for an initial public offering (IPO) on the Nasdaq. The company, which specialises in mortgage and lending services, aims to attain a valuation of around $4.1 billion. This initiative is the latest in a series of tech-based companies opting for public…
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SEC and CFTC Unite for Crypto Regulatory Clarity Roundtable
Working towards regulatory clarity in the fast-growing cryptocurrency markets, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are joining forces. They’ve scheduled a joint public roundtable for Sept. 29. The roundtable will focus on decentralised finance protocols, perpetual contracts, and other digital asset innovations. As the cryptocurrency industry faces…
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Indonesia’s Online Lending Soars 22% Despite Stricter Rules
The Financial Services Authority (OJK) in Indonesia reports a 22.01% year-on-year rise in online lending volumes in July. This growth persists despite the regulator’s stricter enforcement in the financing sector, including new sanctions on many institutions. In July, peer-to-peer (P2P) loan disbursements totalled Rp84.5 trillion ($5.3 billion), marking a significant increase from Rp83.5 trillion the…