Banking Technology Magazine March 2025 issue out now
Cover story: THE FUTURE IS NOW – Don’t let your imagination hold you back.
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Welcome to the March edition of the Banking Technology Magazine, as we welcome spring, warmer days and a sunnier outlook for the fintech industry.
From a range of funding rounds across the globe, including Cashfree, ClearScore, Sardine, Tabby and Zeta, just to name a few, to heavyweights such as Stripe, Mercury and Rapyd plotting new rounds at multi-billion valuations – we’ve got it covered on the pages of this issue and in the News section of our website.
But not everyone has made it through the fintech winter. US-based payments firm Digital River is winding down its operations, it is understood, with office closures and layoffs underway. Founded in 1994 and acquired by New York equity firm Siris Capital for $840 million in 2014, Digital River provides API-based order management, e-commerce, and cross-border payment processing solutions.
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In the UK, fintech Nvayo has entered special administration due to insolvency. Founded in 2008, Nvayo specialises in the issuance of pre-paid cards and electronic money and provides payment processing and foreign exchange services. In 2023, it landed in hot waters with the Financial Conduct Authority (FCA) as the regulator raised “serious concerns about Nvayo and its compliance with anti-money laundering rules”. The fintech was prohibited from carrying out e-money services without the FCA’s consent. Nvayo applied with the Upper Tribunal to have these restrictions lifted but application was dismissed in early 2024.
Keep turning the pages of the magazine to be in the know of notable happenings and trending topics in fintech. And if you don’t want to wait a month for a new magazine edition, browse the FinTech Futures website which is updated daily!
