Chile’s Tanner Servicios Financieros lands $40m IFC investment
Tanner Servicios Financieros is establishing “a fully licensed and regulated commercial bank subsidiary”.
Regulation
Navro secures FMSB registration to provide money transfer services to businesses in Canada
Navro (formerly known as Paytrix) has also secured licences in the UK and Ireland (EU) this year.
Revolut granted UK trading licence from FCA
Revolut now plans to launch new trading products covering UK and EU stocks and ETFs.
Cartoon: Wanderer above the sea of fog
This new cartoon illustrates how regulatory changes and the complexity of compliance stymies new entrant fintechs.
UK government announces reforms to boost financial sector growth
The Chancellor has revealed plans for a Digital Gilt pilot and “decisive action to advance open banking”.
US presidential election: What’s next for US fintech under Trump?
Following the US presidential election, what can the country’s fintech sector expect from Trump’s second term?
Metro Bank fined £16.7m by the FCA for “financial crime failings”
The fine relates to historic deficiencies in the company’s transaction monitoring systems and controls.
Polish fintech Conotoxia eyes EU banking licence, plans to transform into joint-stock company
Conotoxia says it will aim to complete the transformation “as soon as possible”.
Banking Technology Magazine November 2024 issue out now
Cover story: GOING GREEN – Why sustainable finance is vital.
ICYMI fintech funding round-up: Groov, Fundcraft, VibePay, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FTC takes action against US neobank Dave for allegedly “using misleading marketing”
In a statement, Dave says it intends to “vigorously defend ourselves”.
UK regtech Kaizen lands £42m investment from Guidepost Growth Equity
Guidepost’s investment marks Kaizen’s first external funding since its founding in 2013.
FE fundinfo snaps up Matterhorn Reporting Services to boost AIFMD reporting capabilities
The deal is FE fundinfo’s third acquisition this year.
Beyond banking’s four walls: the journey to open finance
A collaborative approach to open finance will foster greater innovation across the board.
CFPB fines VyStar Credit Union $1.5m over “botched rollout” of online banking system
The CFPB claims VyStar’s “botched system switch left families in a lurch, unable to manage finances and facing fees”.
Sibos 2024: Navigating partnerships between banks and fintechs
The relationship between banks and fintechs has been an ever-evolving mix of collaboration and competition.
Demystify Podcast: GITEX Global 2024 special
Hosts Dave and Dharmesh speak with four financial services leaders at this year’s GITEX Global event in Dubai.
October 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from October.
Dutch paytech Online Payment Platform secures EMI licence in the UK
The company adds that the new licence “now allows OPP to offer a wallet solution” for businesses.
Sibos 2024: Charting a path for digital securities with BNP Paribas – video interview
BNP Paribas’ Gary O’Brien discusses the pursuit of faster settlements in Asia, Europe and North America.
FinTech Futures: Top five news stories of the week – 25 October 2024
Our pick of the top fintech news stories this week includes Afin Bank, Zip, Socure and more.
Sibos 2024: The convergence of TradFi and DeFi with Chainlink – video interview
Sergey Nazarov details the latest tools and strategies for integrating blockchain technology with TradFi systems.
CFPB orders Apple and Goldman Sachs to pay combined $89m over “Apple Card failures”
Apple first selected Goldman Sachs in 2018 to develop and power its credit card offering.
Afin Bank lands AwR banking licence, plots 2025 launch of mortgage offering for UK’s African diaspora
Afin Bank has now entered the mobilisation stage and plans to begin lending next year.
Sibos 2024: Future-proofing data and the promise of ISO 20022
The Big Issue Debate at Sibos explored the true potential of total ISO 20022 adoption.
Sibos 2024: Watch this space – record high remittances and the India growth story
India is fast emerging as a blueprint for players in the payments industry.
Sibos 2024: Real-time payments in focus with ACI Worldwide – video interview
Dive deep into the latest developments in real-time payments from across the globe with ACI Worldwide.
Sibos 2024: The evolution of payments collaboration in financial services
Day two of Sibos 2024 featured a number of insightful panels and keynotes on the future of payments.
Embedded finance provider Solaris embarks on “new chapter of transformation”, says CEO
CEO Carsten Höltkemeyer says BaaS provider Solaris is “at a pivotal moment”.
Canada’s imminent regulatory changes require PSPs to register
The Bank of Canada explains the new regulations for Payment Services Providers (PSPs).
FCA debuts AI Lab to promote safe use of AI in UK financial sector
The AI Lab is designed to facilitate the “safe and responsible use of AI in UK financial markets”.
Wise joins Japan’s domestic payment network Zengin
Wise will be able to process real-time payments in Japan directly, without intermediaries.
OCC announces enforcement actions against four US banks
The OCC has released its latest list of enforcement actions taken against US banks in recent weeks.
Daily News at Sibos 2024
Download your free copy of the Daily News at Sibos publication today!
UK government looks to strengthen BNPL protections with launch of latest consultation
The consultation proposes clearer information for BNPL consumers, as well as stronger dispute rights.
Philadelphia’s Citadel Federal Credit Union agrees to pay $6.5m to settle allegations of redlining
This settlement is the DOJ’s first redlining resolution with a credit union.
Sibos 2024: From paper to pixels – the future of international trade
The move towards digitalisation in global trade is not just a trend but a necessary evolution.
BaaS is dead, long live BaaS 2.0
As the sector evolves away from the wild west of BaaS 1.0, it can enter its more responsible era.
TD Bank hit with $3bn in fines over AML failures
The $3.09 billion in total fines includes a record $1.8 billion penalty from the US Justice Department.
White paper: Combatting APP fraud – how to build a best-in-class fraud prevention solution
Strategies for banks to combat APP fraud, insights into payment security and protection against threats.
