The UK fintech sector faces a slowdown as persistent political volatility and rapid government turnover weaken investor confidence. Funding has dropped to its lowest level since 2020, prompting calls for greater legislative consistency.

The Central Bank of Nigeria has issued strict compliance deadlines for financial institutions to evaluate digital threats and strengthen security protocols.

Theparkpay has officially expanded its North American operations after receiving a Payment Service Provider licence from the Bank of Canada. This new authorization allows the fintech to offer real-time settlement capabilities to its international network of merchants.

A surge in claims from the collapse of the First Guardian and Shield super funds has created a $170 million funding gap for the Compensation Scheme of Last Resort. Government officials are considering widening the industry levy base to address the shortfall.