Latest news headlines: Finextra Research

Revolut and Wise alumni raise $3 million for blockchain payments startup

Founed by Revolut and Wise alumni, blockchain-based cross-border money transfer startup Riva Money has raised a pre-seed round from Project A as well as angels from Revolut, Monzo and JPMorgan.

2 hours

/payments

Lloyds launches in-app barcode cash deposit scanning at PayPoint stores

Lloyds is the first major UK bank to launch a mobile app feature which allows cash to be paid in at over 30,000 PayPoint high street locations nationwide, using a simple barcode.

3 hours

/ai

LHV streamlines legal document processing with AI from Luminance

UK bank LHV is to apply artificial intelligence technology from Luminance to streamline legal contract document workflows.

4 hours

/crypto

Diebold Nixdorf joins digital euro innovation platform

Diebold Nixdorf is working with the European Central Bank to integrate its payment processing technology with the digital euro interfaces.

13 hours

/crypto

UAE closes in on launch of Digital Dirham

The United Arab Emirates is closing in on the phased launch of its Digital Dirham central bank digital currency.

13 hours

/ai

BBVA wins plaudits from OpenAI for ChatGPT5 tests

During the global launch of its new language model, OpenAI has identified BBVA as one of the first institutions to adopt the technology in the financial sector, cutting weeks off the time to conduct technical tasks.

13 hours

/regulation

Paxos applies for national trust charter

Paxos has become the latest digital asset player to apply for a US national trust bank charter.

19 hours

/payments

Stripe businesses can now accept Pix in Brazil

Stripe has joined forces with Ebanx to let businesses from around the world accept Pix instant payments in Brazil.

22 hours

/security

Beware car finance scam calls, FCA warns

The Financial Conduct Authority is warning people about a new scam surrounding car finance compensation claims.

23 hours

/security

CommBank reports 76% drop in scam losses as new security features rolled out

Australia's CommBank has unveiled a Gen AI scam detection tool that lets customers test suspicious text messages and a new feature in the bank's mobile app that will reduce the need for one-time passcodes to authorise online card transactions

11 August 2025

/crypto

Zodia Markets raises over $18 million in Series A funding

Zodia Markets, the Standard Chrtered-backed digital asset platform enabling institutional capital through stablecoins, has raised $18.25 million in a Series A funding round, as demand for real-time wholesale trading, settlement and cross-border movement via stablecoins skyrockets.

11 August 2025

/wholesale

UK fintech investment hits $7.2 billion in H1

Total UK fintech investment hit $7.2 billion in the first half of 2025, down five per cent from $7.6 billion in the same period in 2024, according to KPMG’s latest Pulse of Fintech report.

11 August 2025