FinTech Roundup: Top 5 Fintech News Highlights – 13 June 2025
Here are the top five fintech news stories this week featuring updates from Stripe JP Morgan Chase Bank Muamalat and more
1. Bank Muamalat Launches Islamic Digital Bank Atlas in Malaysia
Bank Muamalat has launched Atlas which is being called Malaysia’s first Islamic digital-only bank focused on faith and lifestyle. It was built using Backbase’s AI-powered banking platform introduced earlier this year. The digital bank will soon offer Shariah-compliant products like digital debit cards flexible financing options and a gold investment account
2. Atome Secures 75 Million Dollars to Grow BNPL in the Philippines
Atome a fintech firm from Singapore has secured a 75 million dollar financing facility from Lending Ark to boost its buy now pay later services in the Philippines. Andy Tan the company’s chief commercial officer said the Philippines is a major market where Atome wants to expand and support users in managing their money. The funding comes after major investments including 500 million dollars from Standard Chartered and 200 million dollars from HSBC
3. JP Morgan Chase Launches UK Fintech Accelerator
JP Morgan Chase has started a new 12-week accelerator for UK fintech startups. The program is created in partnership with EY and will include both virtual and in-person sessions. Fintech founders with live products and less than one million pounds in revenue can apply. They must also show a strong positive impact on people or businesses in the UK
4. Stripe Acquires Privy to Boost Crypto Capabilities
Stripe has acquired Privy a crypto wallet infrastructure company based in New York. This move helps Stripe grow its crypto services. The deal follows Stripe’s recent 1.1 billion dollar acquisition of Bridge a stablecoin platform. While Stripe has not shared full details Privy will continue operating independently
5. Thought Machine COO Gareth Richardson to Step Down
Gareth Richardson the chief operating officer at banking tech company Thought Machine will leave his role this summer. He will move on to a new job as CEO at another fintech firm. The company confirmed his exit and said it is a natural next step in his career after more than six years at Thought Machine
Stay Updated
This week shows how fast the fintech space is changing. With digital banking BNPL crypto and startup innovation all moving forward the industry continues to grow. For more latest fintech news and updates visit: fintechzoomecom.us
