January 2025 – Page 103

Crypto Exchange Bittrx Reaches $24 Million Settlement with SEC

Crypto company Bittrex has reached a $24 million settlement with the SEC over charges that it operated as an unregistered national securities exchange, broker, and...

PayPal Revamps App to Introduce Flexible Rewards Program

PayPal is introducing an exciting rewards programme along with more personalised options for managing spending, aiming to provide consumers with smart choices for every purchase....

Bank of Canada Report Questions the Value of CBDC

A recent discussion paper from the Bank of Canada raises questions about the effectiveness of a central bank digital currency (CBDC) in fulfilling unmet payment...

Singapore Introduces New Regulatory Framework for Stablecoins

The Monetary Authority of Singapore has introduced a new regulatory framework aimed at enhancing the stability of certified stablecoins in the country. The new guidelines...

Monzo Outshines Competitors in CMA Customer Satisfaction Survey

The Competition and Markets Authority has ranked Monzo as the UK's best bank for personal and business accounts. Personal and small business current account holders...

CEO Hochschild Resigns from Discover

Discover Financial Services experienced a significant decline in its share price, dropping more than five percent on Monday evening following the immediate resignation of president...

HSBC Increases Technology Scale-Up Lending by £100 Million

HSBC UK has announced the expansion of its ‘Growth Lending’ fund from £250 million to £350 million to meet increasing demand from high-growth tech scale-ups....

Experian Accused of Spamming Customers Who Enrolled for Identity Protection Services

Experian has been fined $650,000 by the Federal Trade Commission (FTC) for sending unsolicited product and marketing messages to customers who did not opt in...

Brazil Gears Up for New Phase of CBDC Trials

Google, Visa, and Nubank are among the prominent companies chosen to participate in the second round of pilots for Brazil's Drex CBDC project. Brazil's central...

Payments Watchdog Proposes £415,000 Cap on APP Fraud Reimbursement Claims

The UK's Payment Systems Regulator is set to establish a maximum reimbursement limit of £415,000 for victims of authorised push payment (APP) fraud. In June,...