2025 – Page 355 – FintechDaily

BaFin Expands AML Oversight for N26

Germany's financial regulator BaFin has extended money laundering controls at digital bank N26 due to the ongoing "deficiencies" in its systems. In 2021, BaFin fined...

Visa Unveils AI-Driven Fraud Prevention Solutions

Visa has introduced three AI-powered risk and fraud prevention tools as part of its product offerings for businesses. These new additions to the Visa Protect...

Revolut Launches Virtual Cryptocurrency Payment Cards

Revolut is introducing dedicated crypto payment cards designed for everyday purchases. These new virtual cards, which integrate seamlessly with Apple Pay and Google Pay, allow...

UK Treasury Rejects Proposals to Classify Cryptocurrency as Gambling Regulation

The UK Treasury has firmly rejected proposals from an all-party parliamentary committee suggesting that consumer trading in unbacked cryptocurrencies like bitcoin and ether should be...

Citi Drives Investment Round for Colombian B2B Fintech Supra

Citi has led an investment round in Colombian B2B payments startup Supra. Far Out Ventures and H20 Capital also participated in the financing. Founded in...

FCA Establishes Permanent Digital Sandbox

The UK's Financial Conduct Authority (FCA) has established a permanent Digital Sandbox, providing year-round access for firms to experiment with innovative technologies. Previously, this platform...

PayPoint hit with lawsuit from energy charity

UK-based payment services provider PayPoint UK is facing legal action over alleged anti-competitive practices in the prepayment market. The company has received a multimillion-pound lawsuit...

FTX Files $1 Billion Lawsuit Against Sam Bankman-Fried

The former boss of failed crypto exchange FTX, Sam Bankman-Fried, is facing a $1 billion lawsuit from the company he founded. Bankman-Fried is being sued...

Tabby Set to Acquire Saudi Digital Wallet Tweeq

UAE-based buy now, pay later company Tabby is set to acquire Saudi digital wallet Tweeq, broadening its offerings to include spending accounts equipped with money...

M&G Investments Heads $30 Million Seed Round for Crypto Startup GFO-X

M&G Investments has led a $30 million seed round in the digital asset trading startup Global Futures and Options (GFO-X) in anticipation of its upcoming...