FintechDaily – Page 253 – Fresh Dose of Fintech News

Recognise Bank Names Jean Murphy as CEO

Digital SME banking startup Recognise Bank has appointed Jean Murphy as CEO. Murphy, who has an extensive background in banking with experience at Credit Suisse,...

CAB Payments Secures Up to £335 Million in London IPO

British business-to-business cross-border payments firm CAB Payments has raised up to £335 million through a listing on the London Stock Exchange. The company successfully placed...

Kenya Strengthens Consumer Data Protection Measures

The Kenyan Office of the Data Protection Commissioner (ODPC) has implemented stricter regulations on consumer data protection, specifically targeting fintechs and startups in the region....

CSI to Become a Private Entity in $1.6 Billion Transaction

Computer Services Inc., a fintech and regtech company, is poised to go private after agreeing to a buyout by investment firms Centerbridge Partners and Bridgeport...

Barclays RepoHack 2023 Aims to Garner Industry Support for Transforming Post-Trade Repos

Barclays has officially opened registrations for the Barclays RepoHack 2023, an industry hackathon aimed at encouraging market participants to develop innovative solutions for repo post-trade...

SoftBank Faces Unprecedented Losses Amid Technology Downturn

SoftBank's Vision Fund investment arm has reported a record loss, signaling challenging times ahead for financial technology fundraising. The Japanese conglomerate posted a $17.2 billion...

Class Action Lawsuit Alleges Coinbase Did Not Safeguard Customers Against Fraud

The world's largest crypto exchange, Coinbase, is facing a federal class action lawsuit over claims that it failed to adequately protect user accounts from cyberattacks...

The Bank of London Launches New Tech Hub in Charlotte, Generating 350 Jobs

Global clearing and transaction banking startup The Bank of London is set to establish its Global Platform & Services headquarters in Charlotte, North Carolina, creating...

Fintech Challenger Dozens Ceases Operations

UK challenger banking app Dozens is set to cease its consumer operations, attributing the decision to the ongoing impacts of COVID-19 and difficulties in securing...

Fraud Surge Compels Bus Company to Prohibit Online Banking and Lower Mobile Contactless Payment Limits

An Essex bus company has implemented a ban on customers using Monzo and Revolut to pay for fares with smartphones. They've also reduced the contactless...