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Jul 26, 2024 – FinTech News

Airwallex Teams Up with Float to Revolutionize Bill Payments for Canadian Businesses

Airwallex has joined forces with Float to enhance bill payment solutions for Canadian businesses. This partnership promises faster and more…

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Jul 26, 2024 – FinTech News

FCA Imposes Fine on Coinbase Subsidiary for Inadequate Anti-Money Laundering Controls

The Financial Conduct Authority (FCA) has fined Coinbase's UK subsidiary for failing to implement robust anti-money laundering (AML) controls. The…

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Jul 26, 2024 – FinTech News

Regulators Warn Against Growing Bank-Fintech Risks, Urging Caution

Regulatory agencies are raising alarms about the increasing risks posed by collaborations between banks and fintech firms. They highlight concerns…

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Jul 25, 2024 – FinTech News

Evolve Bank Reports Data Breach as Ransomware Gang Steals Personal Data of Millions

Evolve Bank has reported a significant data breach where a ransomware gang stole personal information from millions of customers. The…

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Jul 25, 2024 – FinTech News

Russian Firms Face Payment Challenges Amid Heightened Sanctions

Russian companies are increasingly struggling with payment transactions due to intensified international sanctions. These restrictions, targeting financial and trade sectors,…

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Jul 25, 2024 – FinTech News

Nigerian Banks Face 70% Tax on Foreign Exchange Windfalls

Nigerian banks are now required to pay a 70% tax on unexpected gains from foreign exchange transactions. This policy aims…

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Jul 25, 2024 – FinTech News

Surge in Retail Participation in Stock Market Triggers Government and SEBI Warnings

The Indian government and the Securities and Exchange Board of India (SEBI) are issuing increasing warnings as retail participation in…

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Jul 25, 2024 – FinTech News

Revolut Secures UK Banking Licence with Restrictions, Enters Mobilisation Stage

Revolut has secured a UK banking licence with restrictions and has entered the mobilisation stage. The licence allows Revolut to…

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Jul 25, 2024 – FinTech News

Stricter Regulations Lead to Increased Penalties for UK Financial Firms

UK financial firms are facing rising penalties as regulatory bodies tighten their oversight and enforcement. The Financial Conduct Authority (FCA)…

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Jul 25, 2024 – FinTech News

Sokin Secures Investment from Morgan Stanley to Accelerate Global Expansion

UK fintech Sokin has secured a major investment from Morgan Stanley to enhance its global payments platform. The funding will…

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