Latest News – Page 409

HSBC Introduces Virtual EUR and GBP Accounts for International Merchants

HSBC has launched a new cross-border virtual account proposition for banks globally, allowing merchant business customers trading on e-commerce platforms to receive EUR and GBP...

CommBank’s x15 Ventures Launches Truyu Digital ID App

In the week when the Australian Federal Government announced a commitment of $288 million to enhance digital ID and combat identity theft, CommBank's venture scaling...

Court Orders Klarna to Pay $733,000 for GDPR Violations

Klarna has been ordered to pay a fine of approximately 7.5 million SEK (around $733,000) for breaching the EU's General Data Protection Regulation (GDPR), as...

Revolut secures funding from UAE sovereign wealth fund

Challenger bank Revolut has seen its valuation soar to $45 billion following Mubadala's acquisition of a stake in the company. According to the Financial Times,...

European Fintechs Anticipate Business Growth in the Coming Year

Optimism is returning to Europe's fintech sector, according to new research from MHP Group, which reveals that more than three quarters of firms anticipate growth...

Inviting Early-Stage Startups to Present Their Products

The 19th edition of EBAday, the premier annual European event for payments and transaction banking, will take place on June 18th and 19th, 2024, at...

UK Poised to Transition to T+1 in 2027 Independently of the EU

The UK plans to implement a T+1 settlement cycle for securities trades by the end of 2027, regardless of whether the European Union adopts the...

Singapore Issues Warning About Increase in Impersonation Scams

Police and banking authorities in Singapore are issuing warnings about a sophisticated impersonation scam that defrauded victims of $10.6 million in June alone. In this...

Green Dot Introduces New Embedded Finance Brand

Digital bank and fintech provider Green Dot has introduced an embedded finance brand and platform of services called Arc. This new unit integrates secure banking...

Mastercard selects new group of crypto and blockchain Start Path companies

Mastercard has added five new companies to its Start Path startup program, which focuses on the cryptocurrency and blockchain sectors. Launched in 2021, the crypto...