April 2025 – Page 40 – FintechDaily

FDIC States Banks Are Not Required to Obtain Prior Approval for Cryptocurrency Activities

The Federal Deposit Insurance Corporation (FDIC) has announced that US banks are no longer required to obtain prior approval before engaging in crypto-related activities. The...

Regulators Criticize ASX After Batch Settlement Failure

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) have raised serious concerns regarding the management of operational risk at...

Trade Associations Urge No 10 to Accelerate UK Blockchain and Crypto Initiatives

A coalition of UK and global trade organizations has reached out to the prime minister's office, urging the government to recognize the anticipated economic and...

PayPal Invests in Mendel, a Spend Management Platform for Latin America

Latin American enterprise spend management platform Mendel has secured $35 million in a Series B funding round led by Base10 Partners, with participation from PayPal...

Metro Bank Reduces Workforce by 300 Positions; Partners with Infosys

UK lender Metro Bank is set to eliminate approximately 300 positions as part of a strategic initiative to achieve £80 million in annual savings. The...

European Payment Systems Activate Instant Cross-Border Money Transfers

The European Payment Alliance is initiating the transition to instant cross-border payments among the mobile transfer services Bancomat, Bizum, MB Way, and Iberia's Sibs. This...

Ziglu Introduces Cryptocurrency on Card

Ziglu, the UK-based digital banking and cryptocurrency platform, has introduced a new feature called Crypto on Card, allowing customers to spend their cryptocurrency in real-world...

Mastercard Introduces Embedded Virtual Card Technology for Commercial Payments

Mastercard is launching a new program aimed at integrating embedded virtual card technology into commercial payments. Starting in April, banks utilizing Mastercard's Virtual Card Number...

UK Launches Wearable Tipping App

UK startup thankyü has introduced an innovative app that allows customers to tip hospitality staff effortlessly using a wearable tipping band paired with their smartphones....

Revolut Alerts Users: Fraudsters Shifting to Encrypted Messaging Apps for Scams

Revolut has reported that scams originating from WhatsApp and Telegram now constitute over a third of all reported fraud cases, with a staggering 39% attributed...