January 2025 – Page 101

Aussie Regulator Takes Legal Action Against eToro for CFD Overreach

The Australian Securities and Investments Commission (ASIC) has initiated legal action against online investment platform eToro, accusing it of failing to market its contract for...

Monzo Employees Label Conservatives as ‘Evil’ Following Jeremy Hunt’s Bank Account Denial – Telegraph

A whistleblower at Monzo has disclosed that staff members openly ridiculed the Conservative Party in internal communications, contributing to the ongoing ‘debanking’ scandal. Messages shared...

IMF Reports Cyber Attacks Impose $12 Billion Cost on Financial Firms

Financial services firms have incurred $12 billion in losses due to cyber attacks over the past two decades, according to a recent report from the...

Mastercard and Visa Hit with Multi-Billion Pound Lawsuit over Interchange Fees Affecting UK Businesses

The UK's Competition Appeals Tribunal has approved a $4 billion class action lawsuit initiated by UK businesses regarding the multilateral interchange fees charged by Mastercard...

What to Anticipate at Next Year’s Conference

Finextra Research is set to host its second Financial Cloud Summit conference on March 7th, 2024, at King’s Place in London. In today’s digital landscape,...

Revolut Halts Cryptocurrency Services in the US

Fintech giant Revolut is suspending cryptocurrency services in the US due to the evolving regulatory landscape. American customers will not be able to buy crypto...

BlackRock Acquires Private Markets Data Platform Preqin for £2.5 Billion

BlackRock is set to acquire private market data firm Preqin for £2.55 billion in an all-cash deal, which is anticipated to close by the end...

Insurers Set Their Sights on the Cryptocurrency Market

The global insurance industry is increasingly focusing on the risks associated with cryptocurrencies and digital assets, as evidenced by recent product launches. Insurance broker Marsh...

Visa Unveils New Model for A2A Payments in the UK

Visa is set to enhance the pay-by-bank model with the introduction of Visa A2A in the UK, a rules-based system for managing bill payments and...

Vitt Secures Funding and Unveils New Treasury Product

London-based cash management fintech Vitt has raised additional funding, bringing the total to $16 million in equity and debt in a round led by Better...