FintechDaily – Page 293 – Fresh Dose of Fintech News

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...

Calls for UK Government to Mandate Financial Education in Primary Schools

The UK government has been urged by GoHenry to make financial education compulsory starting from primary school, as highlighted during a recent event in the...

Metro Bank Hit with £16.7 Million Fine for Four-Year Financial Crime Oversight

The UK’s Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank due to deficiencies in its financial crime controls, stemming from...

UK Financial Regulators Introduce Fresh Guidelines for Monitoring Essential Third-Party Technology Providers

UK financial regulators have announced new rules aimed at enhancing the resilience of technology and other third-party service providers that are essential to financial firms....

Crypto.com to Introduce Card in Bahrain and Expand Throughout the GCC Region

After securing a principal license with Mastercard, Crypto.com customers will now have the ability to use their card at over 150 million locations worldwide, both...

Afin Bank Obtains Licence to Serve the African Diaspora in the UK

Afin Bank, a digital lender designed to assist Africans living and working in the UK, is set to launch mortgage and savings products after receiving...

NatWest Restricts Access to WhatsApp

NatWest has prohibited the use of WhatsApp, Facebook Messenger, and Skype on company devices due to concerns regarding regulatory scrutiny over record keeping. This decision...

Goldman Sachs to Launch Independent Blockchain Platform

Goldman Sachs is currently in discussions with potential partners regarding the spinout of its blockchain-based technology platform, GS DAP. The firm envisions GS DAP evolving...