GoCardless Moves Closer to Profitability
After reducing its workforce in a 2023 restructuring, GoCardless is on track for profitability in 2024. The company cut 17% of its global staff in...
GFMA Urges Regulators to Embrace Innovative Approaches to DLT in Capital Markets
A new report from the Global Financial Markets Association (GFMA) suggests that distributed ledger technology (DLT) can provide "transformative benefits" for capital markets, but emphasizes...
TransferGo Expands into B2B Sector with Launch of Multi-Currency Business Account
TransferGo has introduced a new account designed for global businesses based in the UK and EU, allowing them to hold, exchange, send, and receive multiple...
EU Digital Markets Act Postponed to 2023
The Digital Markets Act (DMA) has been rescheduled to come into force in early 2023, moving the timeline from the previously expected launch later this...
Fintech Cushion Closes Its Doors
Cushion, an app designed to assist Americans in negotiating bank and credit card fees for refunds, has officially closed its operations. In a LinkedIn post,...
UK to Implement New Regulations to Safeguard Cash Transactions and Compensate Fraud Victims
The UK Government is set to introduce new legislation aimed at safeguarding access to cash and requiring banks to reimburse victims of authorised push payment...
UK Treasury Committee Recommends Treating Cryptocurrency as Gambling
The UK Treasury Committee has urged that consumer trading in unbacked cryptocurrencies, such as bitcoin and ether, be regulated similarly to gambling. This influential cross-party...
Nationwide Prevents 2,000 Additional Fraud Cases Monthly with SCA Regulations
Nationwide Building Society reports that the implementation of Strong Customer Authentication (SCA) rules in March has helped the institution prevent approximately 2,000 cases of online...
Ripple Acquires Crypto Custody Firm Metaco
Blockchain firm Ripple has acquired Swiss crypto custody provider Metaco in a $250 million deal. This acquisition represents Ripple's entry into the burgeoning institutional crypto...
Google Introduces Virtual Cards for Chrome and Android
Google is collaborating with Visa, Mastercard, and American Express to introduce virtual cards for Chrome and Android users. Starting this summer, shoppers with eligible cards...