Latest news headlines: Finextra Research

Lithuanian banking platform myTU raises €10 million

Cloud-first digital banking platform myTU has secured a €10 million fund raise to support product expansion, enhance acquiring and lending services, and prepare for a full banking licence from the Bank of Lithuania.

04 March 2025

/crypto

BofA CEO says bank prepared to launch own stablecoin

Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.

04 March 2025

/wholesale

Ramp valuation hits $13 billion

Finance automation and corporate credit card platform Ramp has hit a $13 billion valuation after investors purchased $150 million in secondaries from employees and early backers.

04 March 2025

/payments

The Payments Association releases recommendations for UK growth in 2025 manifesto

The Payments Association has released its Payments Manifesto 2025, which calls for the UK government to implement 66 policies recommended by payments professionals.

03 March 2025

/payments

Visa records spike in Tap to Phone uptake

Tap to Phone, Visa's technology that turns smart phones into payment terminals, has experienced a 200% increase in usage globally over the past year and a 300% surge among small business owners in the UK.

03 March 2025

/crypto

Crypto prices spike after Trump’s strategic reserve announcement

On Sunday, US President Trump announced the creation of a “US Crypto Reserve” on Truth Social.

03 March 2025

/security

Lloyds Banking Group patents AI-powered cybersecurity tech

Lloyds Banking Group has secured a patent for the Global Collaborations Engine (GCE), that uses intelligent algorithms to identify cyberthreats instead of false positives.

03 March 2025

/inclusion

JPMorgan Chase invests in FairPlay

JPMorgan Chase has joined a $10 million investment round in FairPlay, a "Fairness-as-a-Service" company using AI fairness techniques to reduce algorithmic bias in lending.

03 March 2025

/retail

Alkami boosts account opening capabilities with $400m Mantl acquisition

Cloud-based digital banking vendor Alkami has agreed to buy account opening technology provider Mantl in a $400 million deal.

28 February 2025

/regulation

Central bank says Revolut needs licence to do business in Ukraine

Ukraine's central bank says that Revolut does not have a licence to operate in the country despite the London-based fintech's announcement earlier this month that residents can now open accounts.

28 February 2025

/payments

Citi 'near miss' briefly credits client account with $81 trillion

A fat finger error last year saw Citigroup credit a customer account with $81 trillion instead of the $280 it meant to send, according to the Financial Times.

28 February 2025

/crime

CFPB dismisses Capital One savings account rates lawsuit

Thursday marked The Consumer Financial Protection Bureau’s (CFPB) dismissal of their lawsuit initiated on 14 January 2025, suing Capital One, and its parent holding company, Capital One Financial Corp for cheating millions of consumers out of more than $2 billion in savings account interest.

28 February 2025