2024 – Page 29 – FintechDaily

FCA Chief Invited to UK Parliament to Discuss ‘Naming and Shaming’ Initiatives

The head of the Financial Conduct Authority (FCA) has been called to parliament to explain why work on the regulator's 'naming and shaming' proposal is...

Visa Engages in Discussions for £700 Million Featurespace Acquisition

Visa is reportedly in "advanced negotiations" to acquire Featurespace, a British company specializing in financial fraud detection, for £700 million, according to Sky News. While...

Wells Fargo Announces Investigation into Zelle Complaint Management by US Authorities

Wells Fargo has disclosed that U.S. authorities are investigating how complaints related to the P2P payments service Zelle are handled. In an SEC filing, Wells...

Case Studies of CBDCs in China, Kazakhstan, the Bahamas, and Europe

On the second day of Sibos, Benedicte Nolens, head of the BIS Innovation Hub, moderated a session titled ‘Reality check: How far have CBDCs come?’...

Robinhood Crypto Alerts Potential SEC Action Ahead

Robinhood's cryptocurrency division has received a Wells notice from the Securities and Exchange Commission, signaling that the regulatory body is preparing for enforcement action. In...

Chime Penalized for Late Refunds

Digital banking giant Chime will pay over $4.5 million to settle with the Consumer Financial Protection Bureau (CFPB) for unlawfully delaying consumer refunds. Thousands of...

Fiserv Drives $150M Investment Round for Melio

Melio, a platform specializing in accounts payable and receivable for small and medium businesses, has achieved a valuation of $2 billion following a strategic funding...

SoFi Penalized $1.1 Million for Defective ID System Linked to Multi-Million Dollar Fraud

SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra due to ID verification shortcomings that allowed thieves to steal $8.1...

Chift Secures Seed Funding to Enable SaaS Companies in Developing Integrations

Chift, a Belgian startup dedicated to assisting SaaS companies with the integration of various financial applications through APIs, has successfully secured €2.3 million in seed...

Cube RegTech Expands Portfolio with Acquisition of Reg-Room

Regulatory intelligence firm Cube has acquired US-based Reg-Room as part of a strategy to consolidate the regulatory technology market. Founded by Nick Paraskeva and located...