Nigerian FinTech Wallets Africa closes funding round as it looks to boost growth in...

Nigerian-based FinTech Wallets Africa, which gives consumers an app to manage their money, has closed a new investment round as it looks to grow its presence in Africa.

How will the Wirecard scandal affect the FinTech sector?

The collapse of Wirecard has sent shock waves through the FinTech industry, cut customers off from their money and raised some serious questions about the role of regulators.

Cybersecurity risk for cryptocurrency wallets revealed

The alarm has been sounded regarding a vulnerability in some of the world's most popular cryptocurrency wallets.

TransferWise secures licence to begin offering investment products, but don’t expect it to become...

UK-based international money transfer FinTech TransferWise has announced that it may start to offer investment products in the future after picking up a new licence.

WEX closes $400m investment from private equity firm Warburg Pincus

WEX, which builds simplified payment systems for businesses, has closed a $400m investment from private equity firm Warburg Pincus.

Holvi is back up and running after being forced to shut down its services...

Holvi customers can now use their cards again after the Finnish digital banking service for freelancers suspended its services on the back of the Wirecard scandal.

Challenger bank Knab taps facial biometrics company iProov for its customer authentication services

Dutch online bank Knab prides itself on supplying a human service backed by the latest technology. To that end, it has just teamed up with biometrics company iProov.

Axiata Digital receives $70m in funding to support the expansion of its digital financial...

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

Zimbabwe bans mobile payments over accusations of “economic sabotage”

Digital payments and trading on the stock exchange has been suspended in Zimbabwe in response to what President Emmerson Mnangagwa’s government called “criminality and economic sabotage," Reuters reported.

Bud launches open banking API

UK-based FinTech Bud has launched an open banking and PSD2-compliant solution to provide an alternative to card payments and bank transfers.

News Stories

How facial recognition software can be used in ATMs

Using biometrics to provide strong customer authentications is becoming more popular and is beginning to be used in ATMs to help customers identify themselves.

Future Fund bolsters Canaree’s abilities to help startups with their financial forecasting and modelling...

Canaree, a software platform allowing early stage businesses to understand and improve their future finances, is one of them.

Jianpu blames failure to send in its annual report on the coronavirus

Chinese FinTech Jianpu Technology has been told that its failure to send in its annaual report means it is non-compliant with regulations.

FraudScope bags $7m in its Series A as it looks to scale its team

FraudScope, an AI-powered solution capable of identifying fraud, has collected $7m in its Series A round.

Surf Bank Brazil picks Paygilant to strengthen its fraud prevention capabilities

Mobile payments fraud-prevention and authentication provider Paygilant has been tapped by digital bank Surf Bank Brazil to help it fight fraud.