Markets

A popular chat-based platform Felix, which uses WhatsApp and stablecoins to allow Latino immigrants to send money abroad, recently concluded a Series B funding round. The round managed to secure $75 million in equity and growth financing, and it was...

The central bank of Brazil is planning to allow users of the popular instant payments system called Pix to start paying for their transactions in installments.  Pix is a payment system created and run by the central bank back in...

According to Santander Bank, the first quarter of this year has already resulted in a loss of over £18 million to fraud.  The bank got this information from a Quarterly Scamtracker — a tool launched to keep abreast of emerging...

Metro Bank is now collaborating with Ask Silver, an AI company whose technology will allow the bank’s customers to check at any time whether they are at risk of a scam. This is possible as the AI tech provided by...

Juspay, a well-known payment orchestration platform, recently concluded its Series D funding round, managing to secure $60 million. The round was led by Kedaara Capital, but it also saw several other high-profile participants, including Accel and Softbank, both of which...

Standard Chartered recently appointed David Hardoon as the new global head of Artificial Intelligence enablement. Prior to joining Standard Chartered, Hardoon acted as an executive at the Monetary Authority of Singapore (MAS). Now, he joined the bank with immediate effect....

The UK’s fintech trade body Innovate Finance recently called on the country’s government, asking it to create a new National Anti-Fraud Center. Innovate Finance believes that a new Center is necessary to monitor cross-sector data sharing and introduce shared liability...

Payabl. recently appointed a new banking lead with a long history of senior roles at various financial institutions. The individual in question is Lee Dunne, who previously worked as the head of embedded finance at Lloyds Banking Group. While working...

A new research conducted by the UK’s National Health Service has uncovered an unexpected benefit in the country’s shift toward becoming a cashless society. Interestingly, the shift to contactless payments has seemingly decreased the number of children who are visiting...

The US Department of Justice recently cleared a merger between Capital One Finance Group and Discover Financial Service, valued at around $35 billion. According to a memo to regulators, the Department of Justice did not find sufficient evidence to block...

The French city of Toulouse recently made headlines by becoming the first city to enable its citizens to pay for public transport using Bitcoin. This does not only make it the first city to do so in France, but in...

Payments giant Visa just unveiled a new tool created to fight against fraud, called Aric Risk Hub. The tool is based on AI technology, and it was designed to help with protecting banks, acquirers, and financial institutions against a broad...

A new report published by Burton Taylor Consulting revealed a modest rise in global spending on financial market data and news in 2024. Revenue also saw an increase of 6.4% during this period, but this increase is noticeably slower than...

Money transfer company Wise recently saw a sharp 6% surge in the price of its shares. The move came in early morning trading after Wise posted preliminary figures before its capital markets day event. The company is scheduled to publish...

The Payment Systems Regulator (PSR) recently faced heavy criticism that accused it of “failure of vision.” The regulator got under fire after its attempts to address high processing fees that Visa and Mastercard imposed on merchants resulted in only “light-touch...