Latest news headlines: Finextra Research

Big banks join $63m funding round for Luma

Luma Financial Technologies, a platform for structured products and annuities, has raised $63 million in Series C financing led by Sixth Street Growth and joined by a host of existing Wall Street backers.

17 April 2025

/payments

Wise launches 'Spend with Others' feature

Money transfer platform Wise has launched a 'Spend with Others' feature that lets users share spending with a group.

17 April 2025

/security

Google used AI to banish half a billion scam ads in 2024

Google has been using AI to crack down on advertising fraud, meeting a key demand from banks and politicians to bear down on scam accounts.

17 April 2025

/regulation

US Judge throws out CFPB's cap on credit card late fees

A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.

16 April 2025

/crypto

Ex-Revolut staffers team with Mastercard to take stablecoins mainstream

Blockchain bank account startup Bleap has joined with Mastercard to launch a non-custodial debit card, making it possible for people to connect stablecoin payments with traditional financial payment rails.

16 April 2025

/wholesale

Allica Bank nearly doubles profits

British SME challenger bank Allica has nearly doubled profits and hit £3 billion of lending in a record-breaking year in which it was crowned as the fastest growing startup in Europe.

16 April 2025

/payments

Klarna and Clover ink in-store BNPL pact

Klarna has moved to boost its in-store presence in the US, bringing its BNPL payment options to 100,000 merchant locations though a deal with Fiserv's Clover point-of-sale business.

16 April 2025

/regulation

Bunq files for US licence

As it reports a 65% surge in full-year profit, Dutch digital bank bunq has stepped up its effort to crack the US, filing for a broker-dealer licence in the country.

16 April 2025

/regulation

New York sues DailyPay and MoneyLion over 'illegal loans'

The New York attorney general has sued DailyPay and MoneyLion, accusing the earned wage access providers of charging workers fees that amount to interest rates of up to 750%.

16 April 2025

/ai

Friday Harbor raises $6m for AI-powered mortgage origination

Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, has closed a $6 million seed round.

15 April 2025

/payments

Inside the tech behind the transformation: Sponsors announced for NextGen Nordics

Ever wanted to be in the same room as the senior executives leading payments innovation across the Nordics and Europe? NextGen Nordics on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden, is your chance to hear from the technology vendors that are supporting financial institutions expertly navigate a convoluted web of regulations, at a time when fraud is at an all-time high and consumer experience must be kept front of mind.

15 April 2025

/retail

Starling takes SaaS platform to the US

Starling Bank is opening a US subsidiary to sell its tech infrastructure platform Engine to North America's mid-tier banks, community banks and credit unions.

15 April 2025