2024 – Page 43 – FintechDaily

FCA Urges Financial Institutions to Enhance Their Approach to PEPs

The FCA has urged financial firms to take further steps to ensure that politically exposed persons (PEPs) and their families are treated fairly. This directive...

UK Post Office Cuts MoneyGram Services Following Cyber Attack

The UK’s Post Office has ceased offering MoneyGram services following a significant cyber security incident at the American money transfer company. A long-term contract between...

Klarna Submits Application for U.S. IPO

Klarna, a leading player in the buy now, pay later sector, has officially filed for its anticipated IPO in the United States. The company has...

Freetrade Exits the Swedish Market

Freetrade has announced its decision to exit the Swedish market in order to concentrate resources on the UK self-directed investment sector. Co-founder Adam Dodds, who...

Federal Reserve Imposes $44 Million Fine on Green Dot

The Federal Reserve has imposed a $44 million fine on Green Dot for engaging in "numerous" unfair and deceptive practices related to the marketing, selling,...

Barclays Finalizes Acquisition of Tesco Bank

Barclays has successfully finalized its £600 million acquisition of Tesco Bank’s retail banking division following high court approval of the deal in October. The agreement,...

Meta Partners with UK Banks to Launch Data-Sharing Initiative Against Scammers

Tech giant Meta is set to broaden its information-sharing partnership with UK banks following a successful pilot program with NatWest and Metro Bank that resulted...

Revolut Set to Launch Crypto Exchange Across 30 EU Markets

Revolut is set to expand its crypto exchange, Revolut X, to 30 European markets following a successful launch in the UK. Since its debut in...

Egyptian Lending Platform Qardy Raises Pre-Seed Funding

Qardy, a digital lending marketplace operating in Egypt and the MENA region, has successfully raised a $7-figure pre-Seed investment round, with contributions from White Field...

FCA to Remove Customer Onboarding Limitations for Modulr

The FCA is set to lift restrictions on new customer onboarding at UK fintech firm Modulr, contingent upon prior notification. At the beginning of October...