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New Data Shows 4 in 10 Brits Never Recover Money Lost After Falling Victim To Scams

40% of Brits who have been victims of frauds or scams in the last year haven’t been able to recover the money lost as a result, highlighting the urgent need for fraud-resistant payment methods, a new survey has revealed. 

Monday, August 4, 2025 - 08:55
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Financial IT
Lemonade Expands UK Homeowners Insurance Offering

Lemonade, the digital insurance company powered by AI and social impact, today announced the expansion of its Homeowners insurance offering in the UK with the launch of a buildings-only product. This marks a continued growth of Lemonade’s presence in the UK insurance market.

Monday, August 4, 2025 - 08:51
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Financial IT
PensionBee Launches Petition Demanding Government Action On Pension Transfer Delays

PensionBee, a leader in the consumer retirement market, has launched a national petition urging the government to introduce a legally enforceable 10-day pension switch guarantee, as frustration mounts over the glacial pace of pension switches.

Monday, August 4, 2025 - 08:47
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Financial IT
FCA Opens Retail Access To Crypto ETNs In UK

Crypto ETNs that retail consumers can access must be traded on an FCA-approved, UK-based investment exchange (a Recognised Investment Exchange or RIE). Financial promotion rules will apply so consumers get the right information and aren’t offered inappropriate incentives to invest.  

David Geale, executive director of payments and digital finance at the FCA, said:

Friday, August 1, 2025 - 16:05
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Financial IT
Bitget Boosts Institutional Edge With Fibonacci Capital

Bitget, the leading cryptocurrency exchange and Web3 company, announced a strategic institutional partnership with Fibonacci Capital, a high-frequency trading (HFT) firm and market maker known for its data-driven liquidity strategies and advanced analytics platform. The collaboration reinforces Bitget’s commitment to enhancing institutional-grade infrastructure, boosting token market efficiency, and supporting sustainable growth for listed projects.

Friday, August 1, 2025 - 16:02
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Financial IT
‘Compliance Fatigue’ Emerges as Leading Challenge for Europe’s Financial Services, New Sumsub Report Reveals

European fintechs, banks, insurers, and other financial institutions face growing operational strain as compliance demands and regulation intensifies, according to new research from global verification leader Sumsub. Compliance fatigue is now an industry-wide concern. 

Friday, August 1, 2025 - 15:58
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Financial IT
Kuvi.ai Announces Successful Completion of Its $700,000 Seed Round

Kuvi.ai, the platform pioneering Agentic Finance, has announced the successful completion of its $700,000 seed round, led by Moon Pursuit Capital, and the expansion of its strategic round, which is now oversubscribed. Recent additions include legendary crypto investor Michael Terpin of Transform Ventures and leading Web3 educator Dennis Liu (aka VirtualBacon).

Friday, August 1, 2025 - 15:06
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Financial IT
Socure Launches Global Expansion Of RiskOS™, Delivering Instant Identity And Risk Decisioning Across Every Country And Market

Socure the leading provider of artificial intelligence for digital identity verification, compliance, sanctions screening, and fraud prevention in over 190 countries, today announced the continued global expansion of its RiskOS™ platform, marking a major milestone in unifying identity, fraud, KYB and compliance decisioning across all regions, industries, and customer segments.

Friday, August 1, 2025 - 14:41
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Financial IT
Libyan Islamic Bank Modernizes Consumer Banking Services With Backbase

Backbase, the global leader in AI-powered banking technology, today announced the recent successful platform launch of Libyan Islamic Bank (LIB), one of the country’s fastest-growing financial institutions. This achievement represents Backbase's first platform launch in Libya, underscoring its commitment to expanding state-of-the-art, customer-centric banking across North Africa.

Friday, August 1, 2025 - 14:38
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Financial IT
Merso Launches The First AI‑Powered Financial Infrastructure For The Digital Economy

Today, Merso officially launches the world's first AI-powered lending infrastructure purpose-built for digital assets. Backed by $3 million in seed funding from founders and strategic investors, Merso is introducing a new paradigm in credit: one that is centered not on borrowers, but on the assets themselves.

Friday, August 1, 2025 - 14:33
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Financial IT

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