Fintech

200 days on from the mandatory introduction of Strong Customer Authentication (SCA) in the UK, 73% of retailers have seen online payment fraud decline, according to data from Barclaycard Payments. In the biggest change to UK payments regulation since the roll out of Chip & Pin in 2006, all online transactions over £25 have been […]

On September 28, LinkedIn released its Top Startups list, which is its self-described annual ranking of 50 emerging U.S. companies “gaining attention and recruiting top talent.” The professional networking site takes into consideration a variety of criteria based on its own data when coming up with the list: employment growth, engagement with the company and its employees, […]

Embedded finance platform Shaype has raised $33 million in a Series C round that has delivered a significant increase in the fintech’s valuation. Regal Funds Management led the round, which also included family offices. The cash will be used to accelerate growth, with particular focus on expanding the team to support Australian clients, as well […]

SoftBank is planning to cut around 30% of staff to their investment arm Vision Fund. A source confirmed to CNBC of the bank’s restructuring plans for their venture capital fund, coming after news that the Chinese fund was hit with record losses of $17.2 billion for the June quarter. Bloomberg reports that at least 150 […]

The US Securities and Exchange Commission (SEC) has charged Barclays Bank PLC and Barclays PLC for the unauthorised sale of securities. The firms have agreed to pay $200 million in civil penalties, and BBPLC was charged an additional $161 million in disgorgement and prejudgment interest by the SEC due to the BBPLC rescinding the offers […]

Daniel Bailey, VP of EMEA at Amplitude discusses how fintech leaders can drive growth in an economic downturn The fintech industry has grown dramatically in recent years, providing businesses and consumers with modern, accessible, and affordable financial services they’ve long been seeking. Investment in the sector is booming too, with analysis from KPMG showing that UK fintech […]

Taking place over two days at the bank’s fintech hub, Rise, the Barclays CBDC Hackathon saw nine teams attempt six key challenges as they competed to create ‘the future of money.’ Numerous private sector consortiums, central banks, and governments around the globe are debating the need and the potential that central bank digital currencies (CBDC) may bring to their […]

Mastercard has joined forces with fintech Inswitch to launch embedded payments and issuing programmes across industries in Latin America. Embedded banking and payments player Inswitch will start issuing cards as a Mastercard principal member in Mexico, with plans to expand to other Latin American markets. Ronald Alvarenga, CEO, Inswitch, says: “Now our clients can issue […]

Traditional lending models are broken, claims Tink, whose latest survey shows just 50% of UK lenders use bank account data to generate a credit score. Open banking platform Tink has claimed that traditional lending models are “broken” and urged lenders to prioritise upgrading their creditworthiness assessments, after new research found just half of UK lenders are using […]

Interbank co-operative Swift is working on a pilot project with Chainlink to provide network interoperability across multiple blockchain platforms. Swift and Chainlink have developed a Cross-Chain Interoperability Protocol (CCIP) as an initial proof of concept. CCIP is designed to enable Swift messages to instruct on-chain token transfers, helping the messaging network become interoperable across nearly […]