January 26, 2025 @ 3:22 pm By Omar Faridi  |  

Investment platform Lightyear has made an entry into the UK Individual Savings Account (ISA) market by launching two products: a 4.75% Cash ISA and a Stocks & Shares (S&S) ISA. Designed to help UK consumers grow their wealth, these ISAs aim to prioritize flexibility, transparency,… Read More

 Tagged investment platform, lightyear, savings, uk, united kingdom

January 26, 2025 @ 12:15 pm By Omar Faridi  |  

Research from embedded finance firm Weavr, conducted through Censuswide, revealed that workers lose around £690 million every year in unclaimed and unpaid expenses in the United Kingdom. Surveying more than 500 office workers based in the UK, Weavr found that 81% of respondents say they… Read More

 Tagged research, uk, united kingdom, weavr

January 26, 2025 @ 11:53 am By Omar Faridi  |  

In recent comments, Bank of America’s (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More

 Tagged bank of america, crypto payments, Crypto Regulations, digital transactions, trump administration

January 25, 2025 @ 5:27 pm By Omar Faridi  |  

Digital bank Revolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable),… Read More

 Tagged digital bank, europe, revolut, savings, uk, united kingdom

January 25, 2025 @ 5:23 pm By Tony Zerucha  |  

This week, Foyer, a Fintech company focused on first-time homebuyers, announced the successful closure of a $6.2 million seed round led by Alpaca VC and Hometeam Ventures with participation from Animo Ventures, Resilience VC, Accion Venture Lab, Detroit Venture Partners, and Clocktower Ventures. The funds… Read More

 Tagged accion venture lab, Amee Parbhoo, Foyer, Landy Liu

January 25, 2025 @ 5:22 pm By Omar Faridi  |  

The Bank of London has missed the deadline for filing its 2023 accounts with Companies House, marking a significant issue for the financial institution. The accounts were due by December 31, 2024, but the bank has yet to file them, causing concern among stakeholders. According… Read More

 Tagged accounts, the bank of london, uk, united kingdom

January 25, 2025 @ 5:20 pm By Tony Zerucha  |  

Moniepoint, a Nigerian business payments and banking services platform, has secured an investment from Visa. Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt) has targeted Nigeria’s network of small and medium-sized businesses (SMEs), offering a suite of services including… Read More

 Tagged Andrew Torre, Felix Ike, Moniepoint, Nigeroa, Tosin Eniolorunda, visa

January 25, 2025 @ 12:36 pm By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Liberty Mutual Investments (LMI), the investment firm of the Liberty Mutual Group of Insurance Companies (LMIG), announced the upsize of their forward flow loan purchase program. Over the… Read More

 Tagged affirm, liberty mutual investments, LMI, loans, payments

January 25, 2025 @ 12:35 pm By Omar Faridi  |  

PitchBook has recently released its report, entitled Fintech: State of the Industry 2025. The update aims to offer a wide lens on fintech’s pulse, funding flows, and key trends. Key takeaways from the PitchBook research report on Fintech are as follows: Public fintech companies delivered… Read More

 Tagged fintech adoption, fintech trends, research, startups

January 25, 2025 @ 12:34 pm By Tony Zerucha  |  

Entrust, a provider of trusted payments, identities, and data security, this week introduced AI-powered identity verification as a new capability for its Identity-as-a-Service (IDaaS) platform. In 2024, US businesses lost an estimated $112 billion to fraud, the equivalent of nearly 7% of their revenue. Modern attacks,… Read More

 Tagged ai, Bhagwat Swaroop, biometrics, entrust, identity verification, onfido