FintechDaily – Page 370 – Fresh Dose of Fintech News

SumUp Unveils New Suite of Product Features

Global fintech SumUp has unveiled a range of new product features aimed at supporting small businesses during the company’s annual event. The announcement highlighted updates...

FCA Investigates Revolut for Suspicious Accounts

The Financial Conduct Authority (FCA) is investigating whether Revolut permitted funds to depart from accounts that were flagged as suspicious by the National Crime Agency,...

Ex-Mastercard Executive Backs Argentinian Payments Startup Pomelo

Former Mastercard Latin America and Caribbean regional head Carlo Enrico has invested in Pomelo, an Argentinian payments infrastructure firm. Enrico, who spent over 12 years...

Revolut and SoftBank Strike Share Agreement in Competition for Banking License

Revolut has successfully reached an agreement with its primary backer, SoftBank, regarding changes to the latter's shareholding, removing a significant hurdle in the fintech’s quest...

Monzo Appoints Conor Walsh from Cash App as CEO for US Operations

UK digital challenger bank Monzo has appointed Conor Walsh, the former global product head at Cash App, as the new CEO for its US operations....

11:FS Appoints Jamie Campbell to Lead New Fintech Fund and Incubator

Challenger consultancy 11:FS is set to launch a new fintech venture fund and accelerator, led by Jamie Campbell, who previously worked with Bud and founded...

Finnish Fintech Saldo Expands into Banking Services

Finnish fintech Saldo is set to launch banking services in the country, starting with a savings account. Founded in 2006 to provide loans to consumers...

BUX Sells UK Subsidiary to APM Capital

BUX Holding has sold its UK business, BUX Financial Services Limited (BFS), to Asseta Holding, the parent company of UAE-based investment firm APM Capital. BFS...

SurePay Secures Belgian Bank Mandate for Confirmation of Payee Technology

Belgium's Centre for Exchange and Clearing has chosen SurePay to implement Confirmation of Payee technology within the domestic banking sector. SurePay was selected through an...

JPMorgan in Discussions to Assume Apple’s Credit Card Portfolio from Goldman Sachs

JPMorgan Chase is negotiating with Apple to take over the tech giant's credit card program from Goldman Sachs. Goldman has sought to divest the Apple...