FintechDaily – Page 296 – Fresh Dose of Fintech News

Revolut Secures Trading License in the UK

Revolut has received a trading license from the Financial Conduct Authority, enabling the fintech company to begin offering UK-listed stocks. Since 2019, Revolut has provided...

TP ICAP to Transition 80% of Technology Infrastructure to Amazon Web Services

TP Icap has announced a significant partnership with Amazon Web Services (AWS) aimed at modernizing and expanding the brokerage's technology infrastructure. This collaboration will see...

Trump Appoints Shift4 CEO Isaacman as NASA Chief; Fiserv CEO Bisignano to Lead Social Security

Donald Trump has appointed two prominent fintech CEOs from the payments industry to key roles in his administration. Shift4 chief Jared Isaacman has been nominated...

Beacon Introduces Digital Wallet for New Immigrants to Canada

Canadian startup Beacon has announced the opening of a waitlist for its digital wallet designed specifically for immigrants moving to Canada. Immigrants can open, fund,...

Removal of BaFin Restrictions Fuels Growth at N26

The lifting of restrictions by German watchdog BaFin on N26 has resulted in a substantial increase in demand, allowing the digital lender to achieve its...

Sweden’s Riksbank Advocates for Upgrading Retail Payments Infrastructure

Sweden's central bank has announced the need for modernization of the country's retail payment infrastructure to support more instant payments and provide third-party access to...

CFPB Broadens Oversight of Major Tech Payment Applications

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that will enable it to oversee major tech companies like Apple and Google that provide...

Hong Kong Monetary Authority Imposes HK$4 Million Fine on Fubon Bank

Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for breaching the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The...

Zopa Secures £68 Million in Equity Investment

The funding will drive growth in anticipation of Zopa's flagship current account and GenAI offering set to launch in 2025. The latest funding round was...

Esma Urges Migration to EU T+1 Settlement by 2027

The European Securities and Markets Authority (ESMA) has proposed that the EU transition to a T+1 settlement cycle by October 2027, coordinating efforts with the...