FintechDaily – Page 163 – Fresh Dose of Fintech News

UBS Under Scrutiny from Pricing Regulator Following Credit Suisse Acquisition

Following UBS’s takeover of Credit Suisse earlier this year, the Swiss consumer pricing supervisor has placed UBS under observation due to competition concerns that may...

Lithuania Imposes EUR 9.3 Million Fine on Crypto Firm for Violating Russia Sanctions

Lithuania has imposed a record fine of EUR9.3 million on the cryptocurrency platform Payeer for violating sanctions related to Russia and failing to adhere to...

TigerBeetle Secures $24 Million in Funding for Transactions Database

Financial transactions database TigerBeetle has successfully raised $24 million in a Series A funding round, led by Spark Capital. Spark general partner Natalie Vais participated...

Canada’s Neo Secures C$360 Million in Equity and Debt Financing

Canadian fintech Neo Financial has successfully secured C$110 million in equity and an additional C$250 million in debt to enhance its competition against the major...

UK Economic Secretary Tulip Siddiq Urged to Cut APP Fraud Reimbursement to £30K

This news follows a recent appeal from the UK payments group to Chancellor Rachel Reeves, urging the establishment of a 'Tech Levy' on social media...

Apple Secures Agreement with EC for NFC Payment Access

Apple has avoided substantial fines from the European Commission (EC) by agreeing to open its NFC chip technology, which enables contactless payments on iPhones, to...

Citi Faces $136 Million Penalty for Inadequate Progress in Addressing Risk Management Issues

Citi has been fined $135.6 million by US regulators for not sufficiently addressing risk management and data governance deficiencies, four years after a cease and...

UK Regulators Request Input on Digital Wallets from Big Tech Companies

UK regulators are seeking feedback on the potential benefits and risks associated with digital wallets from major tech companies like Apple and Google, aiming to...

Deutsche Börse Invests in Capital Markets Fintech Company Primary Portal

Primary Portal, a digital platform that streamlines and digitizes equity capital market processes for banks and asset managers, has successfully completed the first stage of...

Standard Chartered Enters Hong Kong’s Stablecoin Sandbox

Standard Chartered is among the companies selected to participate in Hong Kong's new stablecoin issuer sandbox. This announcement follows recent statements from the island's regulators...