2025 – Page 341 – FintechDaily

MAS Prohibits DBS from Expanding Business Ventures and Closing Branches

The Monetary Authority of Singapore has prohibited DBS from pursuing new business ventures or reducing its branch and ATM network in an effort to improve...

Sendwave Faces CFPB Penalty for Remittance App Compliance Issues

The Consumer Financial Protection Bureau (CFPB) has imposed a $1.5 million penalty on Sendwave's operator, Chime, for misleading users regarding the costs and speed of...

UBS and CIBC Complete Intraday FX Swap on Finteum’s DLT Platform

UBS and CIBC have successfully completed a groundbreaking intraday FX swap transaction using the DLT-enabled Finteum Platform, marking a significant milestone in the financial sector....

Google Pay Enables Customers to Replace CVVs with Biometrics

Google Pay has undergone a redesign aimed at enhancing the shopping experience by making card benefits more visible, expanding Buy Now, Pay Later (BNPL) options...

India’s PayMate Secures $400 Million DigiAsia Agreement for Indonesian Expansion

Indian business-to-business payments firm PayMate is making a strategic move into Indonesia through the acquisition of a DigiAsia subsidiary for $400 million. PayMate has signed...

CommerzVentures Heads €25 Million Series B Investment Round in Tuum

CommerzVentures has led a €25 million Series B financing round in Tuum, an Estonian core banking provider. The fintech venture arm of German bank Commerzbank...

Revolut Appoints Former Deutsche Bank Regulatory Head as CEO for UK Operations

Revolut has appointed Francesca Carlesi, a fintech entrepreneur and former executive at Deutsche Bank and Barclays, as its new UK chief executive, as the company...

PayPal Issued SEC Subpoena Regarding Stablecoin Issues

PayPal has received a subpoena from the Securities and Exchange Commission (SEC) requesting documentation regarding its recently launched stablecoin, PayPal USD (PYUSD). In its quarterly...

UK Fintech Investment Falls by 34% in 2023

Total UK fintech investment fell to $12.3 billion in 2023, a decrease of 34% from $18.7 billion in 2022, as reported by KPMG’s Pulse of...

Musk and Sunak Discuss AI Regulation at the UK AI Safety Summit

Towards the end of the UK’s AI Safety Summit, Prime Minister Rishi Sunak and tech mogul Elon Musk engaged in a dialogue about artificial intelligence...