FintechDaily – Page 2 – Fresh Dose of Fintech News

Customers Fume Over HSBC Outage

HSBC is currently addressing significant issues with its mobile and online banking platforms, causing customers to experience error notifications, delayed payments, and discrepancies in account...

Wealthsimple Acquires Investment Research Platform Fey

Canada's Wealthsimple has announced the acquisition of investment research platform Fey, although the financial details of the transaction remain undisclosed. Founded in 2021 and based...

Swedbank Acquires Barclays’ Shareholding in Entercard

Swedbank has announced its acquisition of Barclays' stake in Nordic card issuer Entercard for $275 million. Entercard stands as a prominent player in the credit...

ANZ Employees Informed of Dismissal via Misaddressed Email

Senior executives in the retail division of ANZ were unexpectedly notified of pending job redundancies through an automated email instructing them to return their work...

Carlyle Acquires Intelliflo for Up to $200 Million

Investment firm Carlyle has reached an agreement to acquire intelliflo, a cloud-based practice management software designed for independent financial advisors in the UK, from Invesco...

Dutch Central Bank Imposes Fine on Bunq for AML Deficiencies

The Dutch central bank has fined digital lender bunq €2.6 million due to "serious deficiencies" in its anti-money laundering controls. Bunq has appealed the fine,...

UK Regulator Alerts Public to Increasing Fake FCA Scams

The Financial Conduct Authority (FCA) is alerting consumers to be vigilant against fake FCA scams after receiving a surge of reports regarding fraudulent emails and...

N26 Appoints Former Central Banker as Chair to Address Investor Concerns

N26 is appointing former Bundesbank executive board member Andreas Dombret as the new chair of its supervisory board. This decision follows the recent exit of...

Australian Watchdog Revisits Regulations Amid Concerns Over Potential Market Meltdown Due to AI

Australia's Securities and Investments Commission (ASIC) is seeking input on proposed modifications to its market integrity rules in response to concerns that the integration of...

ANZ Unveils ‘Digital Padlock’ to Shield Against Cyber Criminals

ANZ has launched a 'Digital Padlock' feature, allowing customers to immediately lock their accounts if they suspect fraudulent activity. Accessible via the ANZ App and...