Scotland launches North America Fintech Gateway
Scotland has unveiled a “Fintech Gateway” with North America in an effort to accelerate international growth for the country’s fintechs while attracting a wave of foreign direct investment.
Turkish crypto chief starts 11,196-year prison sentence
Faruk Fatih Ozer, the former boss of failed Turkish cryptocurrency exchange Thodex, has started a lengthy jail sentence after he was found guilty of defrauding investors in a multimillion dollar fraud.
Mastercard rolls out first of a suite of GenAI assistants
Mastercard has launched a GenAI-based digital assistant designed to speed up customer onboarding.
Lord Christopher Holmes selected for SustainableFinance.LIVE keynote
Lord Christopher Holmes, Baron Holmes of Richmond will open Finextra’s fifth SustainableFinance.LIVE conference and hackathon as keynote speaker on the 29th of November.
Citi appoints CEO as chair of the board
US investment bank Citi has named its current CEO, Jane Fraser, as chair of the board of directors.
Former bank employee jailed over £130,000 fraud
A former bank employee and his acccomplice have been sentenced to a combined total of five years and seven months in prison after stealing £130,000 from customer accounts.
Safaricom opens up M-Pesa API
Safaricom, the operator of the M-Pesa platform, has released an Application Programming Interface (API) to entice local and international developers into creating innovative new use cases for the popular mobile payments service.
Digital ID wallets bolstered as EU commission adopts technical standards
The European Commission has adopted rules for the core functionalities and certification of the European Digital Identity Wallets as 2026 deadline nears.
VentureWave acquires majority stake in Funderbeam
Irish private equity firm VentureWave has acquired a majority stake in Funderbeam, a blockchain-based startup for angel investors in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp.
Zopa CEO quashes IPO speculation
Jaidev Janardana, CEO of Zopa, has blamed the media for the UK fintech sector’s focus on valuations.
FNZ strengthens European position through IPSI acquisition
Wealthtech provider FNZ has acquired Dublin-based third-party administration solutions provider Irish Progressive Services International (IPSI) from Irish Life. Financial terms were not disclosed.
Czech central bank governor floats holding bitcoin as reserve asset
The governor of the Czech National Bank has floated the idea of holding billions of dollars worth of bitcoin in its reserves.
Deutsche Börse Group to acquire FundsDLT
Deutsche Börse Group is to acquire the remaining shares in FundsDLT, a Luxembourg-based company which uses distributed ledger technology for fund distribution and processing.
Wise makes bid for US national trust bank charter
UK-based money transfer giant Wise has applied to be directly regulated by the US Office of the Comptroller of the Currency and create a national trust bank.