January 2025 – Page 89

TikTok Hit with €345 Million Fine for Breaching EU Privacy Regulations

The Chinese-owned short-video platform TikTok has been fined €345 million by Ireland’s Data Protection Commissioner (DPC) for violating privacy laws related to the handling of...

Church of England Successfully Launches Nationwide Rollout of Contactless Giving Devices

The Church of England has successfully completed a three-year initiative to implement contactless giving devices in over 2,200 churches, raising almost £4 million in donations...

Fintech Startup Salmonsecures Banking License in the Philippines

Consumer credit fintech Salmon has gained a banking license in the Philippines after acquiring a controlling stake in Rural Bank of Sta. Rose. Upon the...

What Lies Ahead for Low-Value Cross-Border Payments?

The challenges and opportunities surrounding low-value cross-border payments were front and center at Sibos on Monday, as a panel of industry experts discussed various models,...

FCA Discovers No Evidence of Politician De-Banking in Initial Investigation

A report released today by the UK’s Financial Conduct Authority (FCA) has found no evidence that politicians' bank accounts are being closed due to their...

Sibos 2023: Will CBDCs Replace Cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard led a session focused on the significant rise of digital currencies over recent years and questioned whether...

Paving the Way for Global CBDC Interoperability

Interoperability was a key focus during Tuesday's CBDC discussion at Sibos, with the panel exploring how to facilitate the operation of these emerging digital currencies...

Revolut Fails to Meet Annual Accounts Deadline for the Second Consecutive Year

Revolut is reportedly delaying the filing of its 2022 accounts for the second consecutive year, as reported by Reuters. The company has received a three-month...

Kuady Introduces Virtual Prepaid Mastercard in Peru

Kuady Card has launched in Peru, introducing a virtual prepaid Mastercard designed to offer a secure, flexible, and convenient payment solution for users in the...

Global Fintech Funding Plummets by 50%

Global capital investment in fintech nearly halved in 2023, totaling $51 billion, with the UK experiencing an even sharper decline, according to Innovate Finance data....