FintechDaily – Page 111 – Fresh Dose of Fintech News

Galaxy Digital Agrees to $200 Million Settlement Regarding Luna Token

Galaxy Digital has settled with the New York Attorney General (NYAG) for $200 million regarding allegations that the cryptocurrency investment firm promoted the now-defunct Luna...

Denmark’s Netcompany Acquires Core Banking Provider SDC

Danish IT services provider Netcompany has finalized an agreement to acquire the local banking technology firm SDC for approximately $139 million. The transaction, scheduled to...

Paynetics Acquires Novus, an ‘Impact’ Banking Application

Bulgarian embedded finance provider Paynetics is making strides in the environmental, social, and governance (ESG) sector with its recent acquisition of the UK-based impact neobank,...

FDIC States Banks Are Not Required to Obtain Prior Approval for Cryptocurrency Activities

The Federal Deposit Insurance Corporation (FDIC) has announced that US banks are no longer required to obtain prior approval before engaging in crypto-related activities. The...

Regulators Criticize ASX After Batch Settlement Failure

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) have raised serious concerns regarding the management of operational risk at...

Trade Associations Urge No 10 to Accelerate UK Blockchain and Crypto Initiatives

A coalition of UK and global trade organizations has reached out to the prime minister's office, urging the government to recognize the anticipated economic and...

PayPal Invests in Mendel, a Spend Management Platform for Latin America

Latin American enterprise spend management platform Mendel has secured $35 million in a Series B funding round led by Base10 Partners, with participation from PayPal...

Metro Bank Reduces Workforce by 300 Positions; Partners with Infosys

UK lender Metro Bank is set to eliminate approximately 300 positions as part of a strategic initiative to achieve £80 million in annual savings. The...

European Payment Systems Activate Instant Cross-Border Money Transfers

The European Payment Alliance is initiating the transition to instant cross-border payments among the mobile transfer services Bancomat, Bizum, MB Way, and Iberia's Sibs. This...

Ziglu Introduces Cryptocurrency on Card

Ziglu, the UK-based digital banking and cryptocurrency platform, has introduced a new feature called Crypto on Card, allowing customers to spend their cryptocurrency in real-world...