Klarna is on track to return to profit before the end of 2023, as the company’s first quarter results show the fintech has halved its losses.

Building a framework and infrastructure for a world-leading payments ecosystem is critical for the UK’s continued leadership in financial services. The question ‘How can we ensure innovation, competition and high security standards?’ was answered by industry experts at IFGS 2025.

Exchange operator Nasdaq has launched a cloud data service, running on AWS, that gives clients access, via a suite of APIs, to real-time exchange data, index and fund data.

Australia’s Commonwealth Bank has opened a dedicated Tech Hub in Seattle to equip its IT staff with first-hand experience of emerging developments in cuting-edge technologies, such as AI and cloud.

At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.

Prosper, the UK WealthTech founded by Tandem and Nutmeg alumni, has hit its £800,000 Crowdcube target before launching to the public.

In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EU’s Instant Payments Regulation across credit transfers in Euro. NextGen Nordics 2025 at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will explore how VoP can reduce fraud and payment, and prepare for 5 October 2025, the effective date of the VOP scheme rulebook.

A review of the first year of the UK’s groundbreaking experiment in Open Banking. What worked? What didn’t? And what next?

Standard Chartered has agreed a deal to provide cash management, trading, and custody services for Paxos stablecoins.

UK fintech Science Card has opened an e-money account to further its goal of supporting scientific projects across health, climate change and tech through customer spending.

Ripple co-founder Chris Larsen says several of his personal XRP accounts have been hacked but dismissed speculation that the company’s network was compromised.

Block has been ordered to pay a combined $255 million by state regulators and the CFPB over AML and fraud failures connected to the Cash App.

DailyPay has sued New York Attorney General Letitia James over efforts to apply usury laws to the earned wage access sector.

The Bank of England is seeking a cloud build partner as part of its One Bank Service Transformation strategy.

The European Union Artificial Intelligence Act (EU AI Act) entered into force on 1 August 2024, marking a historic moment as the world’s first comprehensive legislation regulating AI systems according to a risk-based approach.