FintechDaily Staff – Page 187

CFPB Directs Wise to Pay More Than $2 Million

Money transfer platform Wise has been fined $2.025 million by the Consumer Financial Protection Bureau (CFPB) for misleading customers regarding fees and charges. The CFPB...

US Asset Managers Submit Applications to SEC for Bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products is gaining momentum, as several of the country's largest asset managers—BlackRock, WisdomTree, and...

Fintech Startup Wyzr Secures £400,000 Investment from NatWest’s Dragon’s Den

Wyzr, a fintech startup focused on developing an AI CFO product for small businesses, has secured £400,000 following a pitch event reminiscent of Dragon's Den,...

Kraken Introduces New Cryptocurrency Payments Service

Crypto exchange Kraken has launched a new payments service, allowing users to send over 300 different fiat and digital currencies to friends and family worldwide....

NatWest Backs AI Startup Focused on Addressing Financial Vulnerability

NatWest Group has made a minority investment in Serene, an early-stage AI platform focused on addressing financial vulnerability. The platform utilizes real-time customer insights powered...

UK to Regulate Stablecoins Under New Finance Bill

Fintechs and crypto asset providers have expressed support for the UK government's decision to include stablecoins within regulatory oversight as outlined in the recently published...

US Bancorp Appoints Gunjan Kedia as CEO

President of US Bancorp, Gunjan Kedia, is set to become CEO on April 15, taking over from chairman and CEO Andy Cecere. Kedia joined US...

Barclays Faces Significant App Outage on Payroll Day

Barclays is experiencing an IT issue that has left some customers unable to access their accounts online or through the mobile app. On the first...

Blockchain Platform Launches Its Inaugural Digital Green Bond

The European Investment Bank (EIB) has issued its first digital green bond on a blockchain-based platform developed by SEB and Credit Agricole. The so|bond platform,...

Lloyds, Santander, Barclays, and TSB Urge Google and Facebook to Compensate Victims of Online Fraud

UK banks are calling on Big Tech and telecommunications companies to take responsibility for their role in the increase of online fraud and to voluntarily...