UK Financial Services Professionals Report Increase in Gen Z Workers Leaving their Organizations

Nearly half of financial services professionals (49%) are reporting a significant increase in Gen Z workers leaving their organisation during the last 12 months, according to KPMG’s UK Financial Services Sentiment Survey. Retention challenges are said to have been felt most “prominently” in the banking… Read More

Payroc’s Tap to Pay Enables iPhone Contactless Payments

Payroc, a provider of payment processing solutions, now enables its U.S. merchants to accept in-person contactless payments with Tap to Pay on iPhone. With the Payroc Mobile iOS app, merchants can now accept contactless credit and debit cards, Apple Pay, and other digital wallets using… Read More

Digital Bank Revolut Approaches End of $3B Funding Round at $75B Valuation

Digital bank Revolut and its backers are said to nearing the completion of a $3 billion fundraising round that reportedly values the UK-based fintech company at $75 billion. Revolut has now started informing investors about the allocation of shares they will be receiving as part… Read More

U.S. Bank Launches Digital Assets and Money Movement Organization

U.S. Bank (NYSE: USB) has created a new Digital Assets and Money Movement organization to accelerate development of and grow revenue from emerging digital products and services such as stablecoin issuance, cryptocurrency custody, asset tokenization and digital money movement. Jamie Walker, a veteran in the… Read More

SecureLend Targets Community Banks With AI Lending Platform

SecureLend this week announced the commercial launch of its AI-powered lending platform, designed to make loan origination up to 10 times faster and 60% more cost-efficient for community banks, factoring companies, and alternative lenders. The Delaware-based fintech said it is the first to introduce a large language model (LLM)-agnostic architecture, enabling institutions… Read More

Nubank’s Nu Asset Introduces ETF with Exposure to Selic Treasury Bond

Nu Asset Management, Nubank’s (NYSE: NU) investment manager, is introducing the Nu CDI Tesouro Selic B3 (NCDI11), a new fixed income ETF. The solution enables investors to access Letras Financeiras do Tesouro (LFT) – Selic-linked government bonds – tracking the performance of these securities over… Read More

Snapchat, Some Banks, Coinbase Others Impacted by AWS Outage

AWS, the incredibly successful infrastructure venture by Amazon (NASDAQ:AMZN) experienced an outage earlier today that impacted thousands of website. AWS confirmed the outage explaining there was an issue with a Domain Name System (DNS) failure that mainly impacted the US East – 1 region. While… Read More

Fireblocks Selected By Euronet to Enable Cross-Border Stablecoin Payments

Euronet (NASDAQ: EEFT), a firm focused on payments processing and cross-border transactions, announced it has chosen to leverage Fireblocks, an enterprise platform for digital asset infrastructure (non-custodial), settlement, trading operations and stablecoin payments. Fireblocks enables Euronet to integrate stablecoin tech into its payments infrastructure, “accelerating… Read More

UK Fintech GoCardless to Focus on European Business Expansion after Achieving Profitability

Bank payment Fintech GoCardless has elevated two company execs to its newly formed EMEA leadership team as it seeks to further expand its business operations in the fast-evolving market. Borja Valiente has been named VP of Sales and GM, EMEA and Hamish Wood as the… Read More

AAF Management Confirms $55M Fund, Past Bets Include MoneyLion, Flutterwave

AAF Management has closed a $55M early-stage hybrid fund. The Axis Fund invests in emerging managers (Funds I and II) and their most promising underlying portfolio companies at the pre-seed to pre-IPO stages. The Axis Fund is AAF’s fourth vintage and raises the firm’s assets-under-management… Read More

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