/retail
The Prudential Regulation Authority (PRA) is proposing to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000.
31 March 2025
/crypto
Ziglu, the UK-based digital banking and crypto platform, has launched Crypto on Card, a new feature enabling customers to spend their cryptocurrency in real-world transactions using their Ziglu debit card.
/payments
The European Payment Alliance is beginning the switch to instant cross-border payments between mobile transfer schemes Bancomat, Bizum, MB Way and Iberia's Sibs, enabling users in Italy, Portugal, Spain and Andorra to send and receive money instantly to mobile phone numbers.
/markets
Retail investment platform PrimaryBid is in talks with several financial institutions and investors about a possible takeover.
/startups
Charlie Javice, founder of student financial aid assistance company Frank, has been found guilty of defrauding JPMorgan Chase in its $175 million acquisition.
Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.
/wholesale
Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.
/predictions
In the fintech industry, we often hear of growing innovations and iterative developments on existing technologies that seek to reimagine our world. Many are successful, many are groundbreaking but it is true, in a market of increasing transformation, that there are also products invented without a need for them.
28 March 2025
/crime
In January and February 2025, AIB saw a sharp increase in reports of phone call fraud, with overall voice phishing, or vishing, increasing by 79% compared to the same two months in 2024.
Private sector bank Axis becomes the first Indian financial institution to offer near-real-time, 24/7 programmable USD clearing for its commercial clients with JP Morgan’s digital assets unit Kinexys.
/regulation
The Consumer Financial Protection Bureau is set to perform another U-turn, dropping an interpretive rule declaring that pay-in-four BNPL lenders should be treated in the same way as credit cards.
/ai
Standard Chartered is rolling out a Generative AI tool to tens of thousands of employees around the world.
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