Revolut Penalized €3.5 Million by Lithuanian Central Bank for AML Violations
Revolut has been penalized €3.5 million by the Lithuanian central bank due to deficiencies in its anti-money laundering (AML) practices.
Blackhawk Network Teams Up with Visa to Move Beyond Plastic Cards
Blackhawk Network (BHN) has partnered with Visa to transition its network-branded prepaid products, which are currently distributed through third-party retail channels, from plastic to paper-based...
Wise to Establish Hub in Hyderabad
UK-based fintechs Wise and Revolut are intensifying their efforts in India, with Wise establishing a hub in Hyderabad that is expected to employ hundreds, while...
House of Representatives Rejects CFPB Oversight of Big Tech Payment Applications
The US House of Representatives has voted to overturn a Consumer Financial Protection Bureau (CFPB) rule that would have granted oversight of tech giants like...
Block to Face $40 Million Penalty for AML Violations
Block will pay a $40 million penalty to New York regulators due to "significant failures" in its anti-money laundering program and compliance issues with virtual...
Discover How to Create More Intelligent Defenses at NextGen Nordics
As real-time payments continue to grow in popularity, financial institutions are tasked with providing seamless digital payment experiences while combating increasingly sophisticated fraud attempts. The...
Bunq’s GenAI Assistant Now Offers Full Conversational Capabilities
Dutch neobank bunq has enhanced its GenAI assistant, Finn, to offer a fully conversational experience and has introduced a new travel insurance product. Originally launched...
Monzo CEO and Board Discuss IPO Venue Options
As Monzo gears up for a potential public offering, the leadership of the UK-based digital challenger bank is reportedly divided on whether to pursue a...
Nikhil Rathi Reassumes Role as CEO of FCA
UK Chancellor Rachel Reeves has confirmed the reappointment of Nikhil Rathi as chief executive of the Financial Conduct Authority (FCA), extending his term until 2030....
Exclusive Preview of Sustainable Finance Live 2023: Insights from Gresham House’s Peter Bachmann
Finextra is excited to announce that the annual Sustainable Finance Live conference will be held at Events@No6 in London on October 10th. This event will...