/payments
Ripple has signed a deal to deliver crypto-enabled cross-border payments to African money movement firm Chipper Cash.
27 March 2025
/wholesale
Mercury, a provider of banking services for enterepreneurs and the tech industry, has secured $300 million in Series C funding at a $3.5 billion valuation.
EBAday will come to Paris on 27-28 May at the Les Salles du Carrousel.
London-based fintech myPOS has made its second acquisition of the year, snapping up payments outfit UTP Group. Financial terms were not disclosed.
/regulation
Banks around the world paid $4.5 billion in major fines in 2024, with TD Bank accounting for two-thirds of the total after it pleaded guilty to violating US anti-money laundering federal laws.
The German government says it is not aware of any plans to accept Russia's demand to have banks readmitted to the Swift messaging system.
JPMorgan Chase researchers are claiming a quantum computing breakthrough, generating certified randomness.
26 March 2025
Donald Trump has ordered the US federal government to phase out the use of paper cheques and to centralise payment processing in an effort to crack down on fraud.
/security
Santander has scored a significant High Court victory in a push payment fraud case over its responsibility to return £415,000 that was sent to a scam account.
/people
US fintech Block is laying off 931 staff and closing 748 open roles, as the mobile payments and POS company undergoes a major reorganisation.
/crypto
Fidelity Investments is in advanced stages of testing its own stablecoin, which is designed to act as cash in cryptocurrency markets and will be managed through its digital assets arm.
/wealth
Firenze, a Manchester-based fintech unlocking Lombard lending for mass affluent investors, has closed a £2.5M Seed funding round led by Outward VC, the backers of Curve, PrimaryBid and Vauban.
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