Quinn raises $11m for AI-powered financial advice platform
AI-driven financial planning and advice platform Quinn has emerged from stealth with $11 million in seed funding led by Viola Fintech.
EU regulator accuses Commission of rushing sustainable transparency proposal – Reuters
EU’s Ombudswoman has accused the European Commission of rushing new rules on sustainable reporting.
APP scam reimbursement rules extended to Chaps
The UK’s Payment Systems Regulator is to extend its scam reimbursement programme to transactions taking place across the Chaps high value payments network.
Zapp looks to ‘revive retail’ through two-day hackathon
Finextra is working with VocaLink-backed mobile payment startup Zapp to seek out new ways to re-invent the retail experience at a two-day hackathon in London.
Crypto nears systemic risk ‘tipping point’ – FSB chair
Cryptocurrency could be nearing a point where it poses a system risk to the world’s financial system, the outgoing chair of the Financial Stability Board has warned.
CFPB sues Experian over “sham investigations” into consumer disputes
The Consumer Financial Protection Bureau (CFPB) has sued credit reporting agency Experian for unlawfully failing to properly investigate consumer disputes and showing uncritical deferrence to institutional submissions.
Blockchain payment network Zone raises $8.5 million
African blockchain payment network, Zone, has raised $8.5 million in an oversubscribed seed funding round led by VC firms Flourish Ventures and TLcom Capital.
UBS joins $50 million round in client-centric investment platform Ethic
UBS has joined a $50 million round in tech-driven asset management platforrm Ethic.
Hackers steal $230m from Indian crypto exchange WazirX
Indian cryptocurrency exchange WazirX has been hacked, with crooks making off with around $230 million in various tokens.
Sibos 2025: Unpacking the impact and future of digital assets
Digital assets are one of the key themes at Sibos 2025, and day one featured several sessions covering the intricacies of stablecoins, CBDCs, and the world of crypto.
Big Issue partners fumopay to let sellers accept open banking payments
Big Issue, a magazine sold by the homeless across the UK, is working with open banking provider fumopay to pilot a QR code-based way for vendors to take payments.
Osttra, Baton and Partior expand FX settlement ecosystem with tokenised commercial bank funds
Partior’s digital cash settlement network has connected to Osttra and Baton Systems’ on-demand FX payment-versus-payment (PvP) settlement service.
UK pension funds to back fintech startups
A consortium of 20 UK-based pension funds, asset managers and asset owners is set to invest in the country’s fintech sector.
Embedded investment API Upvest raises €100 million
Investment API Upvest is set to double its 170-strong team after closing on a €100 million Series C funding round.
Better.com goes public
After a tumultuous two years that saw its CEO hit the headlines for laying off staff via Zoom, digital mortgage outfit Better.com is set to go public via a Spac merger.