The Centre for Finance, Innovation and Technology (CFIT) today unveils the founding members of its ‘Open Finance Coalition’ who will collaborate to show the power of financial data for better SME and consumer outcomes.

The European Investment Bank (EIB) has provided €70m in scaled-up debt financing to Scalapay, an Italy-based BNPL provider.

As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments.

UK digital wealth platform Moneyfarm is aiming to move into the personal financial management space with the acquisition of financial chatbot technology startup Ernest.

Findings from a survey conducted by The Payments Association (TPA) highlighted the need for further LGBTQIA+ inclusion in financial services.

Opensee, the Paris-based platform that helps business users at financial institutions analyse granular data in real time, has raised EUR11 million in a Series A funding round led by Omnes Capital.

The FCA is preparing to lift restrictions on the onboarding of new customers at UK fintech firm Modulr subject to advance notification.

The New York attorney general has sued DailyPay and MoneyLion, accusing the earned wage access providers of charging workers fees that amount to interest rates of up to 750%.

Finextra Research has collaborated with Deloitte’s Richard Walker, HSBC’s Mark Williamson and Ciaron Roddy and BBVA’s Francisco Maroto amongst others and to produce a detailed report on the future of blockchain technology in financial services: Where is the industry now? Where could it go? How do we get there?

Retail investment platform PrimaryBid is in talks with several financial institutions and investors about a possible takeover.

The UK Government is pressing ahead with new rules designed to protect online shoppers using buy now, pay later products.

Investment into US and UK fintech startups experienced sharp declines in 2023, with inflation, increased interest rates, geopolitical issues, and other macroeconomic conditions all hitting valuations and deal activity.

Santander says that over £18 million was stolen from customers by scammers in the first three months of 2025.