HSBC Sells Off Its Stake in Monese
HSBC has entirely written off its stake in Monese just two years after investing $35 million in the mobile banking fintech. According to filings, the...
Klarna Secures UK Approval for Credit and Payment Solutions
Klarna has received approval to offer credit and payment products in the UK, just before a temporary arrangement established post-Brexit is set to expire. The...
EU Explores Expansion of Cybersecurity Regulation Scope
The European Union is considering expanding cybersecurity regulations to encompass Big Tech companies, banks, and airlines, as a growing number of organizations transition to cloud-based...
Industry Cautions EU About Potential Overregulation
Digital Europe, a digital technology trade association, has urged the EU to avoid excessive regulation in its forthcoming AI bill in a recent letter. As...
Do Kwan Set for Extradition from Montenegro
Do Kwon, the former CEO of Terraform Labs, is set to be extradited to either South Korea or the United States after receiving approval from...
Pay.UK Celebrates Successful Results from Fraud Detection Pilot Program
Pay.UK has reported that a pilot program focused on fraud detection, conducted in collaboration with Visa, has exceeded expectations and could potentially save the UK...
Fordefi Raises $10 Million for Crypto Wallet-as-a-Service Development
Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round. Electric Capital led the round, with participation from Paxos...
Former Chief Fintech Officer at OCC Had a Resume Full of Fabrications
The first chief financial technology officer of the Office of the Comptroller of the Currency (OCC) has been removed from his position following the discovery...
Bank Regulators Caution About Challenges to Operational Resilience
Banks across the EU are struggling to meet the operational resilience and risk guidelines established by the Basel Committee in 2021. An early 2023 evaluation...
FCA Requests Input on Data Disparities Between Big Tech and Financial Services Firms
The UK's Financial Conduct Authority (FCA) is seeking industry input on whether the imbalance of data between Big Tech companies and financial services firms might...