Identity fraud rates reached 2.1 per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new […]
Category: Fintech
Fintech SMEs Lead City of London Tech Investment Surge, Report Finds
Fintech SMEs in the City of London have secured £4.3billion in equity investment since 2019, making the sector the most dominant in the Square Mile’s […]
UK Risks Losing AI and Tech Startups to Overseas Markets, Lords Committee Warns
The UK is failing to support homegrown AI and creative tech startups as they scale, putting the country at risk of becoming an ‘incubator economy’ […]
Nigeria’s Fintech Growth: Key Trends and Economic Shifts in 2024
With Africa’s largest population and a fast-growing digital economy, Nigeria is at a turning point. While oil has long dominated its economy, fintech and mobile […]
J.P. Morgan Backs Saudi Fintech Lendo with $690million Facility
Lendo, a debt crowdfunding platform based in Saudi Arabia, has secured a $690million warehouse facility from J.P. Morgan to enhance its support for small and […]
Singapore Clears Stance on Nvidia, DeepSeek Chip Export Allegations
Singapore has refuted claims that it served as a conduit for illicitly exporting Nvidia chips to Chinese AI giant DeepSeek, following reports that the US […]
AstroPay Becomes Latest Firm to Acquire Payment Institution Licence in Brazil
It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence. Last […]
Runa Launches Instant Cross-Border Payments Into India to Support Business Customers
Global fintech infrastructure provider, Runa, is expanding into India, with ambitions to open access to the country’s $8.9billion gift card market. Through its new expansion plans, […]
Only the Beginning: Kraken Expands On-Chain Staking in 39 US States
To help more customers participate in the crypto world, crypto exchange Kraken is launching a new on-chain staking product for US clients in 39 states […]
Capital Funding and AI Adoption Drive Fintech Hiring Growth, as Banks Vacancy Numbers Fall
Nearly two-thirds (63 per cent) of UK financial institutions are now investing in artificial intelligence (AI), rising from 32 per cent in 2023, a new […]