Western Union refunds $153m for scam victims
Western Union agreed to pay $586 million in monetary relief following a 2017 scandal.
Western Union agreed to pay $586 million in monetary relief following a 2017 scandal.
The partnership will begin in Malaysia, the Philippines and Singapore.
US regulator claims bank opened credit accounts without customers’ permission.
A banking offering will engage customers beyond just improving credit.
A further five-year delay is put down to “turbulent stock markets”.
FinTech Futures picks out the fintech tidbits in this week’s announcement.
UK watchdog concerned that non-switching consumers are left out of pocket.
HSBC’s female employees are earning nearly half of what their male counterparts are.
Rizq plans to benchmark itself as close as possible to existing challengers.
The banks are also deferring customers’ payments on loans and mortgages for up to three months.
Colorado-based firm brings total funding raised to $18 million.
The private banking tech vendor plans to boost solutions with AI.
The move marks a shift in the business from financial to digital services.
Lagos-based Paga holds more than 14 million customers across Nigeria.
The bank claims businesses will receive loans in minutes.
The acquisition marks Greensill’s move into payday finance.
UK bank to deploy Google cloud services to “improve customer experience.”
The neobank currently only has one banking licence in Lithuania.
New CIO arrives to lead bank’s IT division.
UK watchdog calls for input on market use of advanced analytics.
“There’s growing demand in the market for financial knowledge to be more practical,” says CEO.
Mambu landed two other Asia-Pacific deals this month.
The bank’s card will be numberless to prevent fraud.
New bank plans to rapidly scale with Infosys system.
The SoftBank-backed lender did see a slow down in its total loan facilities.
Colorado-based bank is among early takers of Finxact’s core banking system.
FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.
CEO says rounds will drive fintech closer towards 1 million users within a year.
The bank is set to announce “the acquisition of an established ‘green’ lending business”.
Maintaining due diligence on market participants a high priority for SIX.
Copper is yet to reveal its launch date but has opened a waiting list to teens.
Start-up wants to change the way students are given credit.
Bean no longer accepting new sign-ups and set to close later this month.
The digitisation of payments has been “a challenging project” for the island.
Marshal has a 85% market share across the United Arab Emirates (UAE).
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
FinTech Futures’ weekly news round-up.
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Texan back seeks consolidation under one system following 2018 merger.