The European Central Bank is stepping up preparatory work on a digital euro, opening an innovation platform where nearly 70 private sector market participants can explore functionalities and use cases.
NCR has been hit by a ransomware attack afflicting its Aloha POS system for the hospitality industry.
UK WealthTech Stratiphy has launched a crowdfunding campaign on Crowdcube at a valuation of £7 million.
Finextra joined Singapore Fintech Festival session, ‘Scaling Sustainable Finance for a Green Recovery’ today, to hear experts from Ecosystm, FIL Asia, HSBC, SDG Impact Japan and WWF Singapore discuss the financial products and technological tools needed to deliver social and environmental benefits, alongside attractive returns.
Barclays has launched a monthly ‘Scams Bulletin’ to inform consumers of emerging trends in criminal fraud tactics.
HSBC is entering the UK buy now, pay later market through the launch of Flexipay, a point-of-sale finance product.
Over-50’s group Saga is wading deeper into the financial services market as it agrees a deal with NatWest’s Banking-as-a-Service unit Boxed to provide savings accounts and other banking products to its membership base.
London-based cash management fintech Vitt has raised additional financing, bringing the total raised to $16 million in equity and debt in a round led by Better Tomorrow and Speedinvest.
Climate X, a startup that uses data and analytics to help businesses, government and individuals tackle the multi trillion-dollar climate risk problem, has raised $1.5 million in pre-seed funding.
UK fintech funding has dipped in the first half of 2023, as total cash raised reached $2.9 billion in the first six months, a 37% slump compared to the later half of last year, according to new figures from industry body Innovate Finance.
Google Cloud has landed a five-year deal with Lloyds Banking Group, part of the UK bank’s commitment to spend £3 billion on digital transformation projects.
Japan’s SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems.
Banco Santander has opened technology hubs in Malaga and Warsaw to house 1400 tech professionals as the Spanish giant seeks to turbo charge its digital transformation programme.
The UK Financial Conduct Authority is calling on politicians to draft legislation to crackdown on Big Tech and finfluencers who promote unauthorised financial schemes.
Ahead of Money20/20 in Amsterdam, Finextra spoke to Olugbenga ‘GB’ Agboola, CEO of Flutterwave, about Europe’s formula for supporting the fintech industry and how to prioritise digital trust amid global unrest and uncertainty.