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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German Firms Increasing Budgets for Business-Critical AI
Reports show that German companies are boosting their budgets for artificial intelligence (AI), acknowledging its critical role in their business models. KPMG recently conducted a survey and found that 91% of German businesses now view AI as crucial for future value creation. Interestingly, this is a significant leap from the previous year’s 55%. As this…
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eToro Adds Five New Crypto-Assets to Its US Platform
eToro, a leading global trading and investment platform, has expanded its U.S. offerings. Subsequently, the platform has added five new crypto-assets. As a result, U.S. users now have access to a total of 20 different crypto-assets. The latest additions include Basic Attention Token, Curve, Decentraland, Maker, and Polygon. The inclusion of these new cryptos is…
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Feedzai IQ: Defending Banks from AI-Enabled Fraud
Feedzai IQ Defends Banking Platforms Against AI-Enabled Fraud with Privacy-Preserving Network Intelligence Technology advancement is both a blessing and a curse for the financial sector. It has improved financial transactions’ efficiency. However, it has also paved the way for complex financial fraud schemes. Feedzai, a global fintech firm, has recognised this growing threat. In response,…
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UK Consumers Prefer Physical Payment Cards, Zilch Survey Reveals
Global trends show a surge towards digital payment methods such as Apple Pay and Google Pay. However, a new poll from Zilch reveals that UK consumers are bucking this trend. Surprisingly, the majority of them still prefer using physical payment cards. Just before the launch of its first physical card offering, Zilch conducted this insightful…
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Metro Bank Strengthens Support for Tunbridge Wells Businesses
Metro Bank is one of the UK’s high street banks. Consequently, it is expanding its support to Tunbridge Wells’ businesses with a Local Business Manager. This move is designed to strengthen its ties with the local business community. Additionally, it aims to provide services tailored to their needs. Recognizing the need for more accessible banking…
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Australia’s CommBank Leverages AI with Cloud Data Migration
CommBank, a leading Australian financial institution, has completed a significant migration. Its data platform has moved to the cloud. This paves the way for seamless integration of Artificial Intelligence (AI) throughout the banking system. Amazon Web Services (AWS) is the bank’s cloud provider. They will host the scalable data platform, set to transform the bank’s…
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Fintech Thunes Secures Licenses to Operate Across the US
Thunes has successfully secured the necessary money transmission licenses to operate in all 50 US states. This significant accomplishment follows their recent Series D funding round, undoubtedly highlighting the firm’s rapid growth and firm commitment to ‘scale at pace’. Thunes, a Singapore-based fintech firm, specializes in cross-border transactions and connects various payment systems globally. With…
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Defending Banking Platforms from AI Fraud with Feedzai IQ
Artificial Intelligence (AI) is rapidly transforming the fintech landscape. As a result, it makes financial transactions faster, more efficient, and secure. However, at the same time, it poses new fraud risks. Feedzai, a global AI and machine learning innovator, has the solution. Recently, they introduced a new product, the Feedzai IQ. The Feedzai IQ leverages…
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SEC’s New Rules for Foreign Private Issuers: A Fintech Perspective
The Securities and Exchange Commission (SEC) is currently in the process of amending its treatment of foreign private issuers. This action is a significant move in the fintech space. Notably, it aims to encourage equal competition and improve the platform for transnational businesses. As a result, experts predict more clarity, accountability, and transparency for investors.…
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Crowd Street’s Shift: From Real Estate to Private Market Investments
The fintech landscape is ever-evolving. For example, the latest development comes from the Portland-based crowdfunding platform, Crowd Street. However, the company recently announced a strategic shift. Previously, it was primarily a real estate crowdfunding platform. Now, it provides a broader range of private investments. Moreover, Crowd Street aims to be the go-to platform for self-directed…
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Data Centres: A Promising Investment in the Booming AI Sector
The Artificial Intelligence (AI) sector is indeed booming. As a result, it’s attracting significantly more venture capital, particularly for infrastructure. In our data-driven technological world, data centres have emerged as a significant investment opportunity. For example, private investors are taking note. Companies like Google and Amazon have consistently invested in data centres to support their…
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Accenture and NVIDIA Inception Boost AI Startup Innovation
Accenture, the global professional services company, recently announced a new initiative. This initiative aims to boost the growth and innovation of high-potential AI startups. NVIDIA Inception supports this initiative. NVIDIA Inception is a comprehensive acceleration platform for AI, data science, and HPC startups. Hence, the primary aim is to help early-stage companies transition from breakthrough…
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Yieldstreet’s Success: Democratizing Private Market Investments
Yieldstreet has indeed accomplished a significant feat, successfully closing an initial $45 million equity investment. Primarily, this forms part of its targeted $60 million Series D funding round. Unquestionably, this achievement marks a milestone for the fintech company. Yieldstreet’s driving mission is to democratise access to private market investments, a domain typically reserved for institutional…
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BNY Mellon Enhances Wealth Management with Digital Solutions
Recognized as the global leader in investment management and investment services, BNY Mellon, has announced some substantial enhancements. In particular, they have upgraded their suite of products for wealth management firms. This strategic move offers more integrated, wealth management digital solutions by BNY Mellon, bolstering the financial tools available to wealth managers. These enhancements, revealed…
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Maryland’s House Bill 1294: A Milestone for On-Demand Pay Services
Recently, DailyPay, a leading fintech firm operating in the worktech space, celebrated a significant development. This development is, in fact, the enactment of Maryland’s House Bill 1294. This law, which is a first of its kind, regulates on-demand pay services, or “earned wage access”. Moreover, this new rule is a major leap towards standardising and…
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ASOS Partners with Checkout.com for Streamlined Online Shopping
ASOS has announced a significant move to enhance their customer experience. They have joined hands with Checkout.com, a global digital payments provider, with the primary goal of offering streamlined online shopping with ASOS and Checkout to all customers. ASOS, a fashion industry giant, serves millions of fashion-forward customers worldwide. They process a considerable volume of…
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Circle’s IPO: A Major Milestone in the Fintech Industry
In the fintech industry, this is a crucial turning point. Circle Internet Group plays a significant role in the stablecoin market. Their Initial Public Offering (IPO) launches this week. Known for its US Dollar Coin (USDC), the company priced their shares confidently. The price is above the initial range at $31 each. This decision signals…
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Revamping Travel Finance: An Overview of N26 Go Features
N26, a Berlin-based digital bank, has recently launched a bold initiative targeting digital nomads and frequent travellers. In a move to upgrade their premium subscription offering, previously known as “N26 You”, they have rebranded it as “N26 Go”. Promoted as the “go-to bank” for globetrotters, this service is set to revolutionize travel finance, wrapping up…
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Scalable Capital’s €155M Funding: A Boost for Digital Investing
Scalable Capital, a digital wealth management firm, recently raised €155 million. This has catapulted its valuation to €1.4 billion. Indeed, it’s a significant milestone for this fintech company. This investment, for instance, will fuel the expansion of their digital investment platform. Moreover, it bolsters their position as pioneers in the retail investing market. Founded in…
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Resilience of UK’s Equity Investment Market in Q1 2025
In Q1 2025, the UK equity investment market showed resilience, even in the face of global economic uncertainties. This intriguing insight comes from the recent State of UK Investment Q1 2025 report by Beauhurst. Moreover, it details the UK startup and scaleup ecosystem’s performance amid these economic challenges. The report interestingly highlights regional disparities and…