FintechDaily – Page 137 – Fresh Dose of Fintech News

NCino Acquires FullCircl for $135 Million

Banking technology vendor nCino has announced a definitive agreement to acquire the UK-based SaaS regtech platform FullCircl for $135 million in cash. FullCircl's platform aims...

VyStar Credit Union Penalized $1.5 Million for Flawed Online Banking Transition

Florida-based VyStar Credit Union has faced a $1.5 million penalty due to a poorly executed launch of a new online banking system, which left members...

SEC Files Charges Against JP Morgan Affiliates for $151 Million

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five distinct actions. JPM has...

Transak Secures Delaware Money Transmitter License and FINTRAC Registration

Transak has obtained its second Money Transmitter License (MTL) from the state of Delaware, in addition to registering with the Financial Transactions and Reports Analysis...

Alison Potter Named Chair of FCA and PSR Decision-Making Committees

The FCA and PSR boards have appointed Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC)....

Mastercard Settles £200 Million Over Fee Overcharging Claims

Claimants have reportedly been seeking £10 billion in compensation for alleged overcharging that occurred over several years. Mastercard is facing a lawsuit led by consumer...

LatAm Payment Startup Akua Secures $4.3 Million in Seed Funding

Akua, a Latin American payments startup established by former executives from Mastercard, dLocal, PayU, Jeeves, and Pomelo, has raised $4.3 million in seed funding. The...

US Regulators Need to Assume Control Over Fintech Oversight

US financial services regulators need to take charge of fintech oversight rather than relying on banks to monitor the sector independently, according to the Bank...

Deutsche Bank Backs ID Security Firm Akeyless with Investment

Deutsche Bank's Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless, though the terms of the deal have not...

Kaizen Secures $42 Million in Growth Equity Investment to Fuel North American Expansion

London-based RegTech firm Kaizen has secured a $42 million minority investment from Boston-based Guidepost Growth Equity, paving the way for its expansion into North America....