Latest News – FintechDaily

FCA’s Focused Support Plan Ignites Discussion on Advisory Limits and Consumer Access

The UK's Financial Conduct Authority (FCA) has introduced new rules for targeted support, allowing organizations to offer tailored guidance to consumers regarding suitable financial products....

CFTC Reaffirms Commitment to Promoting Crypto Asset Trading in the U.S.

This week, the Commodity Futures Trading Commission (CFTC) issued an advisory regarding the foreign board of trade (FBOT) registration framework for non-U.S. entities legally organized...

UK Banks Shut Down One Third of Their Branches in the Past Five Years

The number of bank branches, credit unions, and building societies in the UK has declined significantly, dropping by over a third in the past five...

Pintarnya Secures $16.7 Million in Funding in Indonesia

Pintarnya, an innovative job-finding platform from Indonesia, has successfully secured $16.7 million in Series A funding. This funding round was spearheaded by Square Peg, with...

TransUnion Data Breach Affects 4.4 Million Consumers

Credit bureau TransUnion has disclosed a data breach that compromised the personal information of over 4.4 million consumers. In notifying law enforcement about the breach,...

Rain Secures $58 Million in Funding for Stablecoin Platform

Stablecoin platform Rain has secured $58 million in a Series B funding round, led by Sapphire Ventures. Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed,...

CaixaBank Introduces Apple Pay Installment Payments in Spain

CaixaBank Payments & Consumer, a specialist in consumer financing and payment methods, is making strides in the Iberian market with over 34 million cards, more...

TransBnk Raises $25 Million in Funding from Bessemer Venture Partners

TransBnk has recently completed a funding round, bringing its total capital raised to approximately $26 million and increasing its valuation by seven times, according to...

Zopa to Enhance Workforce Skills for the GenAI Transition

UK digital bank Zopa has launched an ambitious five-year initiative aimed at reskilling 100,000 banking professionals in artificial intelligence (AI) by 2030. The campaign will...

NatWest Branch Manager Sentenced to Suspended Term for Stealing £344,000 from ATMs

A NatWest bank branch manager, John Toms, has managed to avoid incarceration after pilfering £344,000 from ATMs over eight years to support his gambling addiction....