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/payments

Swift to develop concrete plans for CBDC and tokenised asset exchange

Global banking co-operative Swift is moving forward with plans to offer member banks access to emerging digital asset classes and currencies over its network, covering a range of use cases in payments, securities, FX, trade and beyond

/markets

Labour Government gives backing to new private market system

The new Labour Government says it remains committed to taking forward the Private Intermittent Securities and Capital Exchange System (Pisces), a bespoke regulated market for private company shares.

/payments

Paymob raises $22 million in Series B extension round

Egypt-based fintech Paymob has raised a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million.

/retail

NatWest joins Open Property Data Association

NatWest has become the latest of the UK's big mortgage lenders to join the Open Property Data Association (OPDA), backing efforts to bring a standardised approach to sharing digital data in the home buying process.

/payments

Enfuce brings 2-in-1 debit and credit card to UK

Finnish-founded card issuer and payment processor Enfuce is bringing its two-in-one debit and credit card to the UK, France and Germany.

/security

Americans lost $5.6bn to crypto-related fraud in 2023 - FBI

Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

/ai

NextGen: AI: Challenging the role of AI in financial services

Join us at our inaugural London event this November to redefine the role of AI in financial services.

/payments

Form3 snares another $60 million for A2A payment vision

UK account-to-account payments platform Form3 has raised a total of $60m in C-series extension funding with new investor British Patient Capital leading the way with a $10 million punt.

/startups

Outward VC raises £51 million fintech fund

Outward VC, a London-headquartered early-stage venture capital fund, has closed on a £51 million fund to back early stages founders operating on the intersection of fintech and connected sectors.

/wholesale

Barclays joins $26 million round in syndicated loan platform Versana

Barclays Bank has joined with major US and EU financial institutions in a $26 million funding round for syndicated loan platform Versana.

/crypto

FCA files first criminal charges against operator of crypto ATM network

The Financial Conduct Authority has filed its first criminal charges against an individual accused of unlawfully running multiple crypto ATMs without FCA registration.

/retail

Twenty7tec secures £16.5 million investment from BGF

Mortgage technology outfit Twenty7tec has bagged £16.5 million from the Business growth Fund (BGF) to drive growth and expansion within the UK.