FintechDaily Staff – Page 193

Class Action Lawsuit Alleges Coinbase Did Not Safeguard Customers Against Fraud

The world's largest crypto exchange, Coinbase, is facing a federal class action lawsuit over claims that it failed to adequately protect user accounts from cyberattacks...

The Bank of London Launches New Tech Hub in Charlotte, Generating 350 Jobs

Global clearing and transaction banking startup The Bank of London is set to establish its Global Platform & Services headquarters in Charlotte, North Carolina, creating...

Fintech Challenger Dozens Ceases Operations

UK challenger banking app Dozens is set to cease its consumer operations, attributing the decision to the ongoing impacts of COVID-19 and difficulties in securing...

Fraud Surge Compels Bus Company to Prohibit Online Banking and Lower Mobile Contactless Payment Limits

An Essex bus company has implemented a ban on customers using Monzo and Revolut to pay for fares with smartphones. They've also reduced the contactless...

Lord Hammond Joins Support for £1 Billion UK Fintech Fund

A group of senior industry leaders is spearheading the establishment of a new £1 billion fintech fund designed to accelerate the growth of promising scale-ups...

Tim Fitzpatrick, Former CEO of Chaps, Assumes Chairmanship at Synch Payments

Synch Payments, the Irish bank-backed instant mobile account-to-account payment service, has appointed Tim Fitzpatrick, the former CEO of the UK's Chaps high-value payment system, as...

Finix, a Payments Infrastructure Firm, Secures $30 Million in Funding

Payments infrastructure platform Finix has secured $30 million in a funding round that included American Express. Participating in the round were several notable investors, including...

Celsius Founder Taken Into Custody on Fraud Allegations

The former CEO of cryptocurrency lending platform Celsius Network, Alex Mashinsky, has been arrested on federal fraud charges. He faces allegations of securities fraud, wire...

Upper90 Secures $180 Million for New Credit and Equity Fintech Fund

Upper90, a hybrid fund that offers customized credit and equity solutions to e-commerce, fintech, and supply chain finance startups, has successfully raised $180 million in...

Visa Tokens Surpass Physical Cards in Circulation

Visa has announced the issuance of its four billionth network token for e-commerce payments, surpassing the total number of physical cards in circulation globally. The...