/retail
DriveScore, a UK app that uses telematics to track how users drive to help them save on insurance, is moving into car finance.
24 January 2025
/inclusion
Visa has made a strategic investment in Nigerian fintech behemoth Moniepoint. Terms were not disclosed.
/people
Fiserv has appointed former PNC Financial Services Group president Michael Lyons as president and CEO-elect, replacing Frank Bisignano, who is joining the Trump administration.
23 January 2025
/security
PayPal will pay $2 million to settle New York State charges that cybersecurity failures at the firm led to customers' social security numbers being exposed.
/payments
The Dutch government has moved to stop the spread of buy now, pay later services onto the high street, asking Klarna to reconsider its plans to move into physical stores.
The next steps for open banking in the UK will include a new independent company to drive forward variable recurring payments.
HSBC has shut down Zing, the currency conversion app that was intended to provide a viable competitor to money transfer behemoth Wise.
Swedish B2B open banking platform, Open Payments, has raised €3 million in a funding round led by Alfvén & Didrikson, with participation from Industrifonden and other existing investors.
Payments processor Checkout.com is targeting full-year profitability in 2025 after a strong finish to 2024 that saw 45% year-on-year net revenue growth in its core business.
Norwegian open banking firm Neonomics has acquired UK contemporary Ordo. Financial terms of the deal were not disclosed.
/startups
European fintech investment increased 10% in 2024 in a sign of increasing confidence for one of the continent’s leading tech sectors.
/wholesale
Finance automation and corporate credit card startup Ramp has launched a treasury product that lets clients store cash in a business account and earn interest.
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