FintechDaily – Page 166 – Fresh Dose of Fintech News

Crypto CEO Kidnapped and Released Following C$1 Million Ransom Payment

The CEO of a cryptocurrency company was kidnapped and held for a C$1 million ransom in Toronto, as reported by local media. Dean Skurka, the...

CFPB Takes Action to Prohibit Medical Bills from Impacting Credit Reports

The Consumer Financial Protection Bureau (CFPB) has announced plans to eliminate medical bills from most credit reports. The proposed rule would prevent credit reporting companies...

US Judge Approves Terraform’s $4.5 Billion Settlement with the SEC

Terraform Labs and its former CEO Do Kwon have agreed to a $4.5 billion settlement with the SEC following a jury's verdict that found them...

Swiss Regulator Shuts Down Challenger Bank FlowBank

The Swiss Financial Market Supervisory Authority (Finma) has initiated bankruptcy proceedings against the investment banking firm FlowBank due to serious and repeated violations of capital...

Transforming European Discussions into Solutions for the Next Era of Payments

Wolfgang Ehrmann, chairman of the board at the Euro Banking Association (EBA), opened the first day of the 19th EBAday, welcoming delegates to the event....

Future Directions in Instant Payments, Regulatory Frameworks, and Liquidity Management

At EBAday 2024 in Lisbon, industry experts gathered to discuss new innovations and promising opportunities for the future of banking in Europe. During the panel...

Anne Boden Departs Starling to Pursue New AI Initiative

Starling Bank founder Anne Boden has resigned from the board of the challenger bank to embark on a new AI venture. Boden unexpectedly stepped down...

AmEx Secures Data Sharing Agreement with MX

American Express has established an API-powered data access agreement with MX Technologies, enabling customers to connect their accounts to third-party providers. This partnership allows customers...

Exploring the Potential and Limitations of the OCT Inst Scheme

During the final panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council, led a discussion on the recently...

Mitigating Risks in Correspondent Banking and Cross-Border Payments

On the second and final day of EBAday in Lisbon, Portugal, prominent figures from the banking and fintech sectors gathered to discuss pressing issues within...