FintechDaily – Page 368 – Fresh Dose of Fintech News

eToro Launches Cryptocurrency Services in the EU Following Cyprus Registration

eToro has successfully applied to the Cyprus Securities and Exchange Commission (CySEC) for registration as a Crypto Asset Service Provider (CASP). This registration will enable...

Permira Acquires Majority Stake in BioCatch

PE firm Permira is acquiring a majority stake in BioCatch, an Israeli behavioral biometrics company, in a deal that values the firm at $1.3 billion....

Lloyds Banking Group to Close 292 Branches in 2025

Lloyds Banking Group has announced the closure of 292 bank branches across the UK, scheduled for 2025. This includes 45 branches of Bank of Scotland,...

ASIC Files Lawsuit Against Bit Trade for Design and Distribution Deficiencies

Australia's corporate regulator has initiated civil proceedings against Bit Trade Pty Ltd for failing to comply with design and distribution obligations related to its margin...

Sibos Leader Jaime Lee Confirms 2024 Beijing Event Will Proceed as Planned

Jaime Lee took to the stage at Sibos 2023 in Toronto, Canada, for a private session with exhibitors to discuss the potential for a successful...

Latin American Payments Startup Pomelo Secures $40 Million in Funding

Pomelo, an Argentinian payments infrastructure firm, has successfully secured $40 million in a Series B funding round led by venture capital firm Kaszek. The funding...

NatWest Experiences ATM Malfunction

UK high street bank NatWest has resolved an IT issue with its ATMs that caused thousands of customers to believe they were missing funds. The...

Barclays Faces Challenges in Selling UK Merchant Payments Stake

Barclays is facing challenges in selling a stake in its UK merchant payments unit, as potential buyers are hesitant about the bank's valuation of the...

NAB Penalized $1.4 Million Over Illegitimate Fees

National Australia Bank (NAB) has been fined $1.4 million by the Australian Federal Court for improperly charging customers periodic payment fees without authorization. The Australian...

Fujitsu Tests Generative AI Solutions for Japanese Banks

Japanese technology giant Fujitsu is set to conduct trials exploring the use of generative AI (gen-AI) for banking operations. The company has teamed up with...