FintechDaily – Page 266 – Fresh Dose of Fintech News

CFPB Sued Over New Open Banking Regulations Amid Bank Opposition

The Bank Policy Institute and the Kentucky Bankers Association have initiated a lawsuit against the Consumer Financial Protection Bureau (CFPB), alleging that the agency exceeded...

FedNow vs. The Clearing House Real-Time Payments: How Does Request for Payment Fit In?

On the penultimate day of the AFP conference held at Nashville’s Music City Center, a panel featuring Joshua Karoly from Netflix, Cheryl Gurz from The...

Apple and Goldman Sachs Hit with $89 Million Fine by CFPB for Apple Card Mismanagement

The Consumer Financial Protection Bureau (CFPB) has imposed an $89 million penalty on Apple and Goldman Sachs for improper handling of credit card transaction disputes,...

La Banque Postale Introduces ‘Impact’ Banking Card

La Banque Postale, in partnership with WWF France, has become the first traditional bank in France to introduce an impact bank card, which directs all...

EIB Unveils Initiative to Increase Financing for European Fintechs

The European Investment Bank (EIB) has announced a series of measures aimed at bolstering funding for fintechs and startups throughout Europe. This initiative comes in...

Western Union Acquires Singapore Mobile Wallet Dash

Western Union has announced its acquisition of the mobile wallet Dash from Singaporean telecommunications company Singtel, although financial details of the deal have not been...

FCA Reveals Insufficient Implementation of Disciplinary Policies Among Firms

The Financial Conduct Authority (FCA) has reported an increase in workplace complaints from 2021 to 2023, according to its non-financial misconduct survey. The survey gathered...

Truist Bank Executive Shares Insights on Delighting Customers Through Speed and Simplicity

Truist Bank, ranked among the top 10 banks in the United States and 67th globally with assets totaling $535 billion, seeks to differentiate itself in...

2024 FOS Reports Reveal Soaring Banking and Credit-Related Financial Complaints

The Financial Ombudsman Service (FOS) reported a 40% increase in complaints during the first half of 2024 compared to the same period in 2023. This...

KPay Raises $55 Million in Series A Funding

Singapore's KPay Group has successfully completed its first institutional funding round, raising a remarkable US$55 million, marking the largest Series A in the payments sector...