FintechDaily – Page 358 – Fresh Dose of Fintech News

Revolut Halts Cryptocurrency Services in the US

Fintech giant Revolut is suspending cryptocurrency services in the US due to the evolving regulatory landscape. American customers will not be able to buy crypto...

BlackRock Acquires Private Markets Data Platform Preqin for £2.5 Billion

BlackRock is set to acquire private market data firm Preqin for £2.55 billion in an all-cash deal, which is anticipated to close by the end...

Insurers Set Their Sights on the Cryptocurrency Market

The global insurance industry is increasingly focusing on the risks associated with cryptocurrencies and digital assets, as evidenced by recent product launches. Insurance broker Marsh...

Visa Unveils New Model for A2A Payments in the UK

Visa is set to enhance the pay-by-bank model with the introduction of Visa A2A in the UK, a rules-based system for managing bill payments and...

Vitt Secures Funding and Unveils New Treasury Product

London-based cash management fintech Vitt has raised additional funding, bringing the total to $16 million in equity and debt in a round led by Better...

Several Banks Face Multi-Million Dollar Fines for WhatsApp Usage

Wells Fargo and BNP Paribas are among the latest banks to face multi-million dollar penalties imposed by US regulators for the use of unofficial communication...

Unlocking Insights: The Value of Mystery Shopping for Regulators

Mystery shopping is an effective tool for regulators seeking insights into how financial institutions interact with customers pursuing products like personal loans, according to findings...

Fiat Republic Secures $7M to Connect Web3 and Banking Systems

Fiat Republic, a BaaS startup focused on simplifying the connection between crypto platforms and bank transfer networks, has successfully raised $7 million in a seed...

FCA Cautions Brits to Be Aware of Loan Fee Fraud

With many Brits experiencing heightened financial stress this summer, the Financial Conduct Authority (FCA) is alerting the public to be vigilant against loan fee fraud....

Wirecard Executives Hit with €140 Million Damages in Civil Lawsuit

Three former Wirecard executives, including CEO Markus Braun, have been ordered to pay €140 million plus interest to the former administrator of the bankrupt payments...