FintechDaily – Page 16 – Fresh Dose of Fintech News

Coinbase Acquires Crypto Investment Platform Echo

Coinbase has made a strategic acquisition of the cryptocurrency investment platform Echo for approximately $375 million in cash and stock. Echo offers an on-chain platform...

American Fintech Council Urges CFPB to Ban Fees for Accessing Open Banking Data

In light of the Consumer Financial Protection Bureau's (CFPB) decision to eliminate its open banking rule, the American Fintech Council (AFC) is urging the regulator...

Fed Governor Advocates for ‘Skinny’ Master Accounts to Enhance Payment Innovation

The Federal Reserve is considering the introduction of a "skinny" master account, which would provide basic payment services to fintech companies and other providers that...

Lloyds and Lolly Launch Self-Service Kiosks for Pay by Bank

Lloyds has partnered with hospitality technology specialist Lolly to launch a Pay by Bank system for self-service kiosks. This system allows customers to make direct,...

UK Banks’ Online Services Disrupted by AWS Outage

Lloyds Bank, Halifax, and Bank of Scotland have experienced online service disruptions due to an outage at Amazon Web Services (AWS). The outage, reported shortly...

Banks Resume Operations Following AWS Outage

UK banks' online services are recovering following a disruption caused by Amazon Web Services (AWS), which led to widespread outages across various applications and websites....

Revolut Secures Banking License in Mexico

UK-based fintech Revolut has received approval to commence full banking operations in Mexico. The firm has secured final authorization from the National Banking and Securities...

UK Regulator Approves Global Payments’ $22.7 Billion Acquisition of Worldpay

The UK's Competition and Markets Authority (CMA) has approved Global Payments' $22.7 billion acquisition of Worldpay. Global Payments initiated this significant deal to purchase Worldpay...

Japanese Banks Collaborate to Introduce Stablecoin

Three of Japan's largest banks are collaborating to launch a unified stablecoin. MUFG Bank, Sumitomo Mitsui Banking Corp, and Mizuho Bank collectively serve over 300,000...

Mexican Fintech Plata Surpasses $3 Billion Valuation

Plata, a Mexico-based startup founded by three former Tinkoff executives, has successfully raised $250 million. Launched in April 2023, Plata initially focused on offering cards,...