Latest news

Search
clear
clear
Mastercard launches AI-powered AML service in Asia Pacific

/ai

Mastercard launches AI-powered AML service in Asia Pacific

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

/payments

NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

Give the future of payments the green light at the Münchenbryggeriet in Stockholm, Sweden on 29 April 2025 where the stage will be set for a transformative shift in financial services. NextGen Nordics will gather core decision-makers, stakeholders, and experts within the payments sector to focus on digital resilience, advanced technologies, regulatory frameworks, and set a course of action for the financial ecosystem of tomorrow.

Commerzbank to cut 3900 jobs

/people

Commerzbank to cut 3900 jobs

Commerzbank is to cut 3900 jobs over the next two years as it strives to slash costs and drive profits in the face of a hostile takeover bid by italy's Unicredit.

EToro files for IPO

/markets

EToro files for IPO

Israeli multi-asset investment platform eToro has confirmed a filing for an IPO on Wall Street.

Citi and PayPal join $18.5 million round in Finmo

/wholesale

Citi and PayPal join $18.5 million round in Finmo

The venture arms of Citi and PayPal have joined with Quona Capital to support an $18.5 million investment round in treasury operating system Finmo.

OneID scoops new funding from ACF Investors

/identity

OneID scoops new funding from ACF Investors

OneID, the UK’s only provider of bank-verified digital identification services, has secured new funding led by ACF Investors.

Danish fintech Ageras buys Storebuddy

/wholesale

Danish fintech Ageras buys Storebuddy

Danish accounting, admin and banking fintech Ageras has bought payment reconciliation software provider Storebuddy. Financial terms were not disclosed.

Citi Flex Pay comes to Apple Pay

/payments

Citi Flex Pay comes to Apple Pay

Citi is bringing buy now, pay later to Apple Pay, enabling card holders to split purchases into fixed monthly payments.

Third of central banks delay CBDC timelines

/crypto

Third of central banks delay CBDC timelines

With Donald Trump banning work on a digital dollar, a central bank survey suggests that while 75% still plan to issue a CDC, nearly a third have pushed back their issuance timeline.

EC proposes 2027 migration to T+1

/regulation

EC proposes 2027 migration to T+1

The European Commission is pushing ahead with a proposed legislative amendment that would see the EU migrate to a T+1 settlement cycle by October 2027.

Stripe alumni raise $6m for AI-powered 'wealthcare'

/ai

Stripe alumni raise $6m for AI-powered 'wealthcare'

Era, an AI-powered personal wealth management startup founded by Stripe alumni, has raised $6.2 million in seed funding co-led by MaC Venture Capital, Third Kind Venture Capital, and Protagonist.

Nordnet disables app after customers were logged into wrong accounts

/security

Nordnet disables app after customers were logged into wrong accounts

Pan-Nordic investment platform Nordnet temporarily shut down its services for four hours on Tuesday after customers reported being able to access other users accounts.

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