Latest news

Search
clear
clear
ABC Projektai wins back banking licence

/regulation

ABC Projektai wins back banking licence

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

Point72 Ventures ditches fintech team – Forbes

/ai

Point72 Ventures ditches fintech team – Forbes

Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.

Bank of America backs Simply Asset Finance

/startups

Bank of America backs Simply Asset Finance

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

Visa Foundation focused on empowering women entrepreneurs

/inclusion

Visa Foundation focused on empowering women entrepreneurs

Visa Foundation is supporting women in growing their small businesses and making them more resilient, increasing economic mobility and creating wealth for themselves.To learn more about the financial inclusion efforts made by the organisation, Finextra spoke to Najada Kumbuli, vice president and head of investments at Visa Foundation.

Trade finance to play major role in $30 trillion tokenised assets market

/predictions

Trade finance to play major role in $30 trillion tokenised assets market

Demand for tokenised real-world assets could reach $30.1 trillion by 2034, with trade finance assets making up a significant part of the market, predicts a paper from Standard Chartered and Synpulse.

US RegTech Norm Ai raises $27 million

/ai

US RegTech Norm Ai raises $27 million

Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.

Oxbury Bank reports first profitable year

/wholesale

Oxbury Bank reports first profitable year

British AgTech bank Oxbury has reported a pre-tax profit of £3 million and is on target to reach £1 billion in lending in the coming months.

Nubank buys Hyperplane to push AI-first strategy

/ai

Nubank buys Hyperplane to push AI-first strategy

Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.

Digital euro would maintain freedom to choose how Europeans pay - ECB

/payments

Digital euro would maintain freedom to choose how Europeans pay - ECB

With Europe inching towards the issuance of a digital euro, the ECB has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice.

Visa launches digital card replacement service for travellers

/payments

Visa launches digital card replacement service for travellers

A new Visa service means that travellers that lose their wallet can now get a digital card replacement via text or email.

Evolve Bank confirms data stolen by ransomware gang

/security

Evolve Bank confirms data stolen by ransomware gang

Days after claiming that it had hacked the US Federal Reserve, the Russia-linked LockBit ransomware gang has posted stolen customer data from Evolve Bank & Trust on the dark web.

Google Ventures leads $18 million round in Climate X

/sustainable

Google Ventures leads $18 million round in Climate X

Climate risk intelligence company Climate X has raised $18 million in a Series A investment round led by Google Ventures with support from by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures and Western Technology Investment (WTI).

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Please read our Privacy Policy.

Accept