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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UK Boosts Fintech Sector by Cutting Red Tape
The United Kingdom is actively supporting the fintech sector by reducing bureaucratic challenges. This move aims to reinforce the country’s position as a global leader in financial innovation. The newly established Regulatory Innovation Office (RIO) is closely collaborating with the Digital Regulation Cooperation Forum (DRCF) to simplify processes. These measures are designed to cultivate an…
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Sweden Ramps Up Efforts to Seize Unaccounted Wealth
Sweden has taken a decisive stand against unaccounted wealth. The country has directed six governmental agencies to step up their efforts to seize illicit assets. The crackdown targets assets such as cryptocurrency, luxury goods, and corporate-held real estate, with the aim of preventing the misuse of unexplained wealth. The national police, the tax authority, Skatteverket,…
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Regtech Prove Tackles Challenges in Digital Finance Era
The era of digital transformation is reshaping financial services. This presents significant challenges to Regtech Prove, sponsor banks, and fintech companies. These challenges include increased regulatory scrutiny and sophisticated fraud schemes, as Regtech Prove recently emphasized. Regulatory scrutiny is a growing concern for fintechs. Authorities worldwide are striving to ensure consumer protection and financial stability.…
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Chime Enterprise Eases Triple Witching Payroll Stress
With this weekend’s influx of Americans to beach resorts and backyard barbecues, payroll administrators across the nation are tense. Why? The notorious Triple Witching Curse. This payroll management nightmare often aligns with national holidays. However, Chime Enterprise provides a sigh of relief for these administrators with its innovative PayTV solution. Now, they too can join…
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Zopa Digital Bank Expands with New Manchester Office
The regulated digital bank, Zopa, recently announced the launch of a new office in Manchester. Gaining prominence in the fintech sector, Zopa plans to recruit up to 500 employees eventually. Initially, the Manchester office will house a team of over 50 employees. Expanding to Manchester is a strategic decision by Zopa, aiming to utilise the…
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Impossible Cloud Network launches $ICNT token after £34M raise
Impossible Cloud Network (ICN), a decentralised cloud infrastructure provider, has made a significant stride in the fintech sector. This Switzerland-based firm recently launched its native token, $ICNT, on top centralized exchanges. This move comes right after a successful $34 million funding round, valuing the company at an impressive $470 million. As a result of this…
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Fundraising News of Saturday 5 July
Ramp has secured a $200 million investment, elevating its valuation to $16 billion, with support from Founders Fund and other major investors. Atome has obtained a $75 million asset-backed financing facility from Lending Ark to grow its buy now, pay later services in Southeast Asia. AllScale raised $1.5 million to advance its stablecoin solutions for…
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Qatar Leverages Open Banking to Boost Islamic Fintech
Qatar aims to become a regional powerhouse in open banking and Islamic fintech. This goal relies on strong regulatory frameworks, advanced API infrastructure, and strategic partnerships. The Qatar Financial Centre (QFC) revealed these details in their latest Islamic Finance Report. Qatar’s ambitious goals rest on a solid API foundation. APIs, essential for banking services modernisation,…
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Circle’s USDC Stablecoin Sees Major Strides in 2025
2025 has been a year of significant strides for Circle (NASDAQ:CRCL), the issuer of the regulated dollar-based stablecoin, USDC. The company has recently completed a successful initial public offering (IPO) and is steadily carving its niche as the leading regulated stablecoin product in the US. Circle’s latest updates show its unwavering commitment to innovation and…
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Kraken Enhances Compliance and Expands Crypto Offerings
The digital assets platform Kraken is enhancing its compliance framework, broadening its offerings, and aiding law enforcement against crypto-related crime. These recent advancements, unveiled in late June and early July 2025, underscore Kraken‘s commitment to bridging traditional finance and the crypto world. Significantly, Kraken is shifting its focus towards tokenized equities. This shift signifies a…
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Arizona Governor Vetoes Digital Asset Forfeiture Bill
In an unexpected development, Arizona Governor Katie Hobbs vetoed a proposed digital asset forfeiture bill, known as House Bill 2324. This bill aimed to create a state-managed reserve fund for digital assets from criminal forfeitures. Despite this, Governor Hobbs expressed worries about the potential impact on collaboration with local law enforcement. The closely contested House…
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2025 Venture Capital Trends: Mega-Rounds and AI Unicorns
The venture capital landscape of 2025 continues to evolve, marked by transformative trends such as mega-rounds and AI-driven unicorns. These trends are reshaping the startup ecosystem and setting new standards for venture capital investments. In the first half of 2025, the venture capital sphere has been buzzing with high-value funding rounds and the emergence of…
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Gemini Expands Tokenised Stocks Portfolio for EU Investors
Leading digital assets exchange, Gemini, has broadened its portfolio of tokenized stocks for investors in the European Union. By doing so, it has taken a significant stride towards integrating traditional finance (TradFi) with decentralised finance (DeFi). This move, announced on July 3, 2025, opens up noteworthy U.S. equities such as Tesla and NVIDIA to EU…
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Pacaso’s Co-Ownership Model Boosts Luxury Home Market
Thanks to Pacaso, co-owning a luxury vacation home is now a breeze. This tech-savvy real estate marketplace is shaking up the second-home market with its novel co-ownership model. Austin Allison and Spencer Rascoff, former Zillow executives, founded the company in 2020. Since then, it has grown rapidly, making luxury home ownership more accessible and stimulating…
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Web3 Figures Seek Clarity on Crypto Bill’s Staking Rules
Web3 personalities have recently shared their perspectives on various fintech matters before going on summer break. One topic that drew attention was the “Big, Beautiful Bill”, under development since 2019. Stakeholders are now demanding clearer guidelines on staking and mining rewards within this legislation. The intersection of crypto and tax has been a persistent worry…
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World Network Redefines Blockchain with Human-Centric Approach
In the dynamic world of blockchain, World Network, previously known as Worldcoin, is breaking new ground. It’s prioritising humans over bots and making strides towards financial inclusion and developer empowerment. This is reshaping the norms of digital identity and the financial ecosystem. World Network’s latest updates demonstrate its commitment to creating a global, human-centric blockchain…
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BNP Paribas Cardif Completes Acquisition of AXA IM
Marking a significant change in the finance sector, BNP Paribas Cardif successfully acquired AXA Investment Managers (AXA IM). This deal also established a long-term partnership with the AXA Group. As a result, the AXA Group can now manage a large portion of its assets. This acquisition enables the BNP Paribas Group to develop a leading…
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Mastercard Launches Security Solutions for Startups
Under its Start Path initiative, Mastercard recently launched a new program to strengthen digital security innovation. The Security Solutions program targets startups creating new technologies in fields such as cybersecurity, fraud mitigation, digital identity, and payment resiliency. Open to global startups, the program involves an intensive application and vetting process. Five startups, namely OneID, Scamnetic,…
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DailyPay Secures £200m to Break Paycheck Cycle
DailyPay, a leading provider of On-Demand Pay and financial wellness solutions, recently announced a major milestone in its quest to break the paycheck-to-paycheck cycle. The fintech firm has completed a $200 million asset-backed securitization (ABS) of its On-Demand Pay receivables. This move is a significant step forward, backed by some of the world’s leading financial…
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US Treasury Sanctions Russian Cybercrime Enabler Aeza Group
On July 1, 2025, the world of cybercrime took a significant hit. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) placed sanctions on Russia-based Aeza Group. This group offers bulletproof hosting (BPH) services, crucial in facilitating cybercriminal activities both in the United States and around the world. These sanctions mark a…