2025 – Page 310 – FintechDaily

Enova, Payday Lender, Penalized and Prohibited from Providing Short-Term Loan Offers

US payday lender Enova has been fined $15 million by the Consumer Financial Protection Bureau (CFPB) and has been prohibited from offering short-term loans due...

Canadian Fintechs Call for Action on Open Banking

Dozens of technology leaders have reached out to Canada’s finance minister, urging the establishment of a clear roadmap for the much-anticipated open banking framework. After...

Irish Organization Advocates for Establishment of National Fintech Hub

A lobby group advocating for Ireland's financial services sector has urged the government to create a dedicated physical center for fintech companies. At the association's...

Finom, the SME Banking Challenger, Secures €50 Million in Funding

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has secured €50 million in Series B funding, led by General Catalyst and Northzone. This...

Revolut Introduces Bond Trading for EU Clients

UK fintech Revolut is aiming to enter Europe's fixed income market as a new investment option for its clients. According to comments reported by Financial...

Mastercard Approved to Provide Domestic Payment Processing in China

Mastercard has received formal approval to begin domestic payment processing in China, allowing the U.S. company to issue yuan-denominated bank cards in the country. The...

BofA Introduces Account to Assist Parents in Teaching Financial Literacy to Kids

BofA introduces a new account designed to assist parents in teaching their children important money management skills.

SEC Takes Legal Action Against Cryptocurrency Exchange Kraken

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the cryptocurrency trading platform of functioning as an unregistered securities exchange,...

Binance Settles US AML Charges by Paying $4.3 Billion; CEO Pleads Guilty

Binance has reached an agreement to pay $4.3 billion to settle a prolonged investigation by the US Department of Justice (DoJ). As part of this...

DORA: Catalyzing Transformation in Risk Management Technology

The upcoming implementation of the EU's Digital Operational Resilience Act (DORA) is expected to compel sell-side firms to make substantial adjustments to their third-party risk...