FintechDaily – Page 263 – Fresh Dose of Fintech News

Alison Potter Named Chair of FCA and PSR Decision-Making Committees

The FCA and PSR boards have appointed Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC)....

Mastercard Settles £200 Million Over Fee Overcharging Claims

Claimants have reportedly been seeking £10 billion in compensation for alleged overcharging that occurred over several years. Mastercard is facing a lawsuit led by consumer...

LatAm Payment Startup Akua Secures $4.3 Million in Seed Funding

Akua, a Latin American payments startup established by former executives from Mastercard, dLocal, PayU, Jeeves, and Pomelo, has raised $4.3 million in seed funding. The...

US Regulators Need to Assume Control Over Fintech Oversight

US financial services regulators need to take charge of fintech oversight rather than relying on banks to monitor the sector independently, according to the Bank...

Deutsche Bank Backs ID Security Firm Akeyless with Investment

Deutsche Bank's Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless, though the terms of the deal have not...

Kaizen Secures $42 Million in Growth Equity Investment to Fuel North American Expansion

London-based RegTech firm Kaizen has secured a $42 million minority investment from Boston-based Guidepost Growth Equity, paving the way for its expansion into North America....

FTC Charges Dave with Deceptive Marketing Practices and Concealed Fees

The Federal Trade Commission (FTC) has filed a complaint against fintech company Dave for allegedly using "misleading marketing" practices and imposing "surprise" fees for its...

CFPB Imposes $95 Million Penalty on Navy Federal Credit Union for Overdraft and Unfair Fees

The Consumer Financial Protection Bureau (CFPB) has charged the US's largest credit union for unlawfully imposing overdraft fees on its users. The CFPB has prohibited...

Infinity Ventures Announces Closure of $184 Million Fintech Fund

Infinity Ventures, an early-stage fintech and commerce venture firm founded by former PayPal executives, has successfully raised $184 million for its Fund II. Co-founded in...

UK AI Market Set to Expand Sixfold

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore the burgeoning...