Managers of Wealth Fintech

Revolut lost $20 million to criminals exploiting payment loophole

The fault was detected in late 2021 by a partner bank to Revolut in the US, and was corrected in Spring 2022.

BofE taps Nuggets for digital pound privacy layer

Now, the firm is being asked by the central bank to design a private and secure system that prevents the tracking and correlation of transactions, as well as stop fraud and money laundering.

Bank-backed Irish payments app faces more delays

Synch is building a money-transfer app, called Yippay, on behalf of AIB, Bank of Ireland, KBC Ireland and Permanent TSB to help the banks take on the likes of Revolut.

The future of ATMs: adapting to the digital age

Paymentology’s data backs this claim, with the number of ATMs in Europe falling by over 10% since 2016.

Moneyhub and MX Enhance Financial Wellness Through Open Finance

Moneyhub enables European consumers to share data on their terms

Mastercard AI tool helps UK banks take on real-time payment scams

The payments giant has launched its 'Consumer Fraud Risk' technology in the country, using large-scale payments data to help identify scams before funds leave a victim’s account. 

Mach Alliance expands into fintech with PayPal as first member

The move by PayPal represents the expansion of MACH Alliance into the fintech sector and highlights the sector’s readiness for MACH.

Revolut arrives in New Zealand

Revolut hopes that New Zealand will prove fertile ground, noting that a recent survey by Consumer NZ found that almost 40% of Kiwi consumers don’t trust their banks.

E-money accounts outstrip bank current accounts in the UK

With an industry that is lightly regulated and growing in size and significance, and an increase in business failures anticipated due to deteriorating economic conditions, action is needed.

Crowdcube joins new retail investment platform

By joining RetailBook, it means that Crowdcube’s retail investors will be able to participate in IPOs on the same terms as institutional investors.

Monzo hits 7.5 million customers, annual losses remain stable

Monzo has recorded an annual loss in the twelve months to March but also says it is now operating at a profitable level on a monthly basis.

Real-time Digital Payments Fuels Growth Across APAC

It also underlines that payment experiences differ significantly across different regions, thereby eliminating the possibility of a one-size-fits-all solution, and making each market uniquely interesting.

PayPal disables card readers with Tap-to-Pay on Venmo and Zettle

Small business owners can onboard in just a few simple steps and start accepting contactless cards and digital wallets through their Venmo business profile.

EC publishes PSD3 proposals

In that time, there has been a consistent rise in the use of electronic and digital payments within the EU, a trend accelerated by the Covid-19 pandemic.

Fintechs engaged in bidding war for PayU

Rapyd has made a number of acquisitions in recent years, the last was the purchase of Icelandic payments company Valitor in 2021.

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

The startup processes almost 50 billion API calls and $40 billion in transaction volumes annually, and powers almost 80 million accounts and over 40 million issued cards.

Visa acquires core banking platform Pismo for $1bn

Under the terms of the transaction, Pismo will retain its current management team, and, subject to regulatory approval, the acquisition is expected to close before the end of the year.

Flutterwave Partners with Microsoft to Accelerate African Payments Infrastructure on Azure

The five-year partnership between the pair presents an opportunity to foster growth and impact across the continent.

Thredd Ties Up with Cape to Unleash Payment Innovation in Asia-Pacific

Last year it raised AU$3.1million in 2022 to fund its development and onboarded its first set of early adopters

ZaloPay Becomes First Vietnamese E-Wallet to Partner with Shopify

This model helps businesses build their own website and contribute to expanding their sales channels besides selling through general e-commerce floors.

Retail Banking