Silvergate to pay $63m in penalties to settle with US regulators
Silvergate announced it was winding down crypto-focused Silvergate Bank in March 2023.
Silvergate announced it was winding down crypto-focused Silvergate Bank in March 2023.
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
How can financial institutions strike a balance between speed and safety with instant payments?
Our pick of the top fintech news stories this week includes Klarna, iBusiness Funding, Norm Ai, Nubank and more.
The investment brings the total raised by Norm Ai over the past 11 months to $38 million.
In this podcast episode, we chat with Zac Maufe, Head of Regulated Industries at Google Cloud.
Our pick of the top fintech news stories this week includes Sainsbury’s, Viva Wallet, Laybuy and more.
Fintech founders discuss a decade of shifting perspectives and practices.
Arash Izadpanah will transition from CEO to chief risk officer.
Use cases, pathways and challenges to implementation, and the evolving regulatory frameworks.
Moldindconbank is to leverage the vendor’s open banking compliance solution.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Robinhood set to leverage Bitstamp’s 50+ global licenses to fuel its planned expansion.
Day one’s proceedings took a specific focus on the topics of AI, tokenisation and digital modernisation journeys.
Cyprus has emerged as a thriving tech hub over the past decade.
The settlement will see Visa pay $104.6m, while Mastercard will pay $92.8m.
The OCC has ordered the bank to create a compliance committee as part of the action.
FinTech Futures speaks with FinVolution about how the financial sector can tackle the threat of deepfakes.
BNPL firms will now be required to investigate disputes, refund returned products and provide billing statements.
Mercado Pago GM Pedro Rivas says the firm’s ambition is to become “the largest 100% digital bank in Mexico”.
The total penalty consists of a £33,880,000 fine from the PRA and a £27,766,200 fine from the FCA.
Industry leaders convened in San Francisco on Tuesday to kick off FinovateSpring 2024.
The regulator says it is suing the firm for “deceiving borrowers and illegally extracting fees”.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
In this episode of the podcast, we’re joined by Bivu Das, UK Managing Director at Kraken.
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
There is a huge sense of urgency, commitment and purpose behind fintech in the UAE.
SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
Europe must harness the full potential of the digital revolution for the continent’s unbanked.
The bank was previously hit with a $348 million fine from the OCC and FRB in March.
Larson previously spent over eight years at Canadian multinational information corporation Thomson Reuters.
Fulton Bank will “assume substantially all of the deposits and purchase substantially all of the assets” of the bank.
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The acquisition is expected to close by the third quarter of 2024.
The UK-based challenger will make its Mexican debut with money transfer services.
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.