December 14, 2024 – FintechDaily

Former Minister Williamson and CEO Baber Depart Troubled Fintech Lanistar

Former Defence Secretary Gavin Williamson has stepped down from his advisory role at fintech company Lanistar, which is also facing challenges with the departure of...

FCA Claims New Access to Cash Rule Will Have a ‘Positive Impact’ Despite Contradictory Evidence

New rules from the Financial Conduct Authority (FCA) aimed at protecting cash access have taken effect and are reportedly benefiting local communities, according to the...

HSBC UK Ventures Into Point-of-Sale Financing Market

HSBC is making its entry into the UK buy now, pay later market with the launch of Flexipay, a new point-of-sale finance product. The bank...

Ex-TSB CEO Pester Appointed Chair of Wealthtech Startup Firenze

Former TSB and Virgin Money chief Paul Pester has been appointed chair at Firenze, a Manchester-based embedded finance startup that assists wealth managers in providing...

FDIC to Enhance Custodial Deposit Regulations in Wake of Synapse Collapse

In the aftermath of the collapse of fintech company Synapse, a U.S. regulator has announced plans to enhance recordkeeping requirements for bank deposits that third-party...

Macquarie Asset Management to Settle SEC Fraud Charges for Nearly $80 Million

Macquarie Investment Management Business Trust (MIMBT), a registered investment advisor under Macquarie Asset Management, has agreed to a settlement of $79.8 million with the US...

UK Foreign Secretary Commits to Prioritizing Nature and Climate Funding

In a speech at Kew Gardens on Monday, UK Foreign Secretary David Lammy addressed the government's plans to realign its priorities towards green initiatives and...

Effective Business Continuity Begins with Strategic Planning

A series of challenging questions confronted attendees at AFP in Nashville, Tennessee, prior to the keynote address by Malcolm Gladwell, who explored significant themes from...

Cardless Secures $30 Million in Funding for Its Embedded Credit Card Platform

Embedded credit card platform Cardless has successfully raised $30 million in growth equity funding. Since the beginning of 2023, Cardless has achieved remarkable 10x revenue...

Lithuanian Fintech Company Kevin Declares Insolvency

According to a spokesperson for the Vilnius District Court, the insolvency call was made after evaluating the company's financial data and determining that Kevin was...