Clear crypto regulation will boost confidence in the sector, supporting growth. In this latest discussion paper (DP), the FCA is seeking views on intermediaries, staking, lending and borrowing, and decentralised finance.  

With more people using credit to purchase crypto, the DP also considers whether restrictions should be applied in that area. 

Klarna, the AI-powered payments and commerce network, crossed 11 million active customers and has doubled its merchant base in a year to 60,000, launching with names like Argos, eBay, Eurostar and John Lewis. The UK is now Klarna’s third-biggest market globally, with revenue up 30% in 2024 alone. It’s a major moment for the Swedish fintech giant as it cements its place in the British retail scene.

Cloudflare Inc., the leading connectivity cloud company, today announced a wave of global technology companies, including Asana, Atlassian, Block, PayPal, Sentry, Stripe, and more, are working with Cloudflare to create powerful AI experiences through Anthropic’s AI assistant, Claude. These software companies are enabling Claude and other AI assistants to securely interact with their services on behalf of users, through connections built on Cloudflare Workers.

PowerPay, a prominent financial technology platform, is pleased to announce the successful closing of a $400 million committed warehouse facility. KeyBank led the transaction as part of a multi-bank syndicate. This strategic financial arrangement positions PowerPay to continue its remarkable growth trajectory, enabling expanded lending capacity to serve its consumers and channel partners nationwide.

Acquired.com, the next generation payments business powering recurring commerce, today announces its participation as a founding member of a landmark industry initiative to fund the creation of a new independent operator dedicated to advancing Commercial Variable Recurring Payments (cVRPs), coordinated by Open Banking Limited.

Capgemini today announced the rollout of a technology sandbox that offers financial institutions a sound framework to migrate from legacy, static Know-Your-Customer (KYC) processes and labor-intensive periodic reviews towards perpetual KYC (pKYC) and event-based reviews. A first of its kind, Capgemini has collaborated with multiple technology partners to orchestrate the integration of this architecture.

Affirm, the payment network that empowers consumers and helps merchants drive growth, announced a new, long-term global partnership with UATP, a global network owned and operated by the world's airlines.

Cross-border payments have become the backbone of international commerce and investments. From tourists using their home bank card while abroad, to businesses paying a global network of suppliers, the use cases and applications for such transactions are both plentiful and diverse.

iPipeline®, a leading provider of comprehensive and integrated digital solutions for the life insurance, pensions, savings, and investment markets in the UK, has launched E-Apply, a new digital option for annuities within their Assureweb® portal. This innovation allows advisers to complete the entire annuity application process online for the first time, saving valuable time and resources.