The Financial Conduct Authority (FCA) has launched the UK Payments Initiative (UKPI), a new commercial operating company designed to accelerate the adoption of Variable Recurring Payments (VRP) across the country. The initiative aims to establish VRP as a viable, scalable alternative to traditional card-on-file methods and Direct Debits, marking a significant step in the evolution […]
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The traditional ‘big bang’ approach to replacing a bank’s core systems is becoming obsolete, with 2025 marking a decisive shift towards pragmatic, phased modernisation strategies driven by collaboration, data, and artificial intelligence. Software provider Finastra champions this modular path, viewing it as a necessary evolution for institutions seeking change without excessive risk or disruption. Siobhan […]
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Millions of workers across emerging markets are increasingly dependent on the gig economy, yet they face a paradox: they are essential to the digital economy but remain excluded from the formal financial systems that support it. A new impact report released by PayJoy, a public benefit corporation focused on ethical lending, highlights how smartphone-secured finance […]
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Gold Token S.A. (GTSA), the tokenisation arm of MKS PAMP Group, has launched its flagship gold token, DGLD, on Base—Coinbase’s Layer 2 network—marking a significant expansion for physically-backed digital assets in the DeFi space. The launch, facilitated through the decentralised exchange Aerodrome, aims to make institutional-grade Swiss-vaulted gold accessible to over eight million active users […]
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The Central Bank of Liberia (CBL), in collaboration with the Mojaloop Foundation, ThitsaWorks, and The AfricaNenda Foundation, has launched the Liberian Inclusive Instant Payments System (IIPS). This new real-time interoperable payments platform is designed to digitize the national economy and enhance financial inclusion across the country. The launch marks a significant milestone for Liberia, with […]
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Engine by Starling, the Software-as-a-Service (SaaS) arm of Starling Group, has opened a new dedicated headquarters in the City of London as it gears up for a significant period of expansion. The company announced it is set to hire more than 150 new colleagues to support its growing global client base. Sam Everington, CEO of […]
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Luno, a global cryptocurrency investment platform, has partnered with AltSchool Africa, an accredited alternative education provider, to deliver fully funded crypto education to 15,000 Nigerian residents. The strategic collaboration, officially announced on 16 December 2025, represents the largest initiative of its kind on the continent and is designed to tackle misinformation while promoting safer participation […]
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The Depository Trust & Clearing Corporation (DTCC) has entered into a strategic partnership with Digital Asset and the Canton Network to tokenize U.S. Treasury securities. This initiative marks the first time that assets custodied by The Depository Trust Company (DTC) will be minted on the Canton Network. The move follows the DTCC’s recent receipt of a […]
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Almost half of the UK’s top retailers are already investing in “agentic AI” to revolutionise their payment systems, yet only a small fraction possess the infrastructure or contractual frameworks to support it safely, according to new research. The Retail Agility Report from law firm TLT, which surveyed the top 100 UK retailers, reveals a sector […]
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Leading digital bank Monzo has announced its agreement to acquire Habito, the UK’s leading digital mortgage broker. This strategic move, which marks Monzo’s first ever piece of M&A, is designed to transform the mortgage experience by integrating a fully digital, end-to-end broking service directly into the Monzo app. The acquisition positions Monzo as the first […]
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