Revolut’s long-term quest to gain a UK banking licence is over, with the Prudential Regulatory Authority granting the licence with restrictions.

Turkish emebedded finance fintech Sipay has raised $78 million at a valuation of $875 million.

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.

Danish startup spektr has raised EUR5 million in seed funding for its platform to help financial sector firms with their due diligence processes.

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

Mastercard is to debut its Payment Passkey service in India, bringing biometric authentication to online shopping.

Tifin, an umbrella group operating a host of AI-powered fintech businesses in the asset and wealth management industry, has hit a $447 million valuation off the back of a $47 million Series C funding round joined by Hamilton Lane and existing investors JP Morgan Asset Management, Morningstar and Broadridge.

European sustainable neobank Green-Got has teamed up with climate engagement provider ecolytiq to launch its green banking app.

US-based digital asset manager Wave Financial has made its first European acquisition following the purchase of a minority stake in Swiss crypto assets firm Criptonite Asset Management.

Crypto exchange Bybit says hackers have stolen nearly $1.5 billion in Ethereum (ETH) from one of its cold wallets.

AID:Tech, a financial services company focused on transparency and accountability in federal relief distribution, has announced that it will soon be utilising the Circle payments solution and its digital dollar stablecoin, USD Coin.

Ikigai, the wealth management and banking app for affluent millennials, has set up a UK public crowdfunding campaign via CrowdCube to accelerate business, their product roadmap and the tech team.

ASB has selected Microsoft Azure as its preferred cloud provider, becoming an anchor tenant for the tech firm’s New Zealand data centres.