2025 – Page 248 – FintechDaily

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...

Bank of America Spearheads $35 Million Funding Round for OpenFin

Bank of America has spearheaded a $35 million Series D investment in OpenFin, a provider of capital markets operating systems, with notable participation from existing...

Checkout.com Set to Acquire Digital Identity Startup Ubble

Checkout.com is set to enhance its merchant financial services portfolio by acquiring French digital identity verification (IDV) company, ubble. The deal, expected to finalize later...

Digital Currency Group Closes Its Institutional Trading Platform

Digital Currency Group (DCG) is shutting down its trade execution and prime brokerage services subsidiary, TradeBlock, due to challenges posed by the crypto winter, the...