FintechDaily – Page 430 – Fresh Dose of Fintech News

Silvergate Banks Settles Regulatory Charges for $63 Million

Silvergate Capital Corp., along with former CEO Alan Lane and former chief risk officer Kathleen Fraher, has agreed to pay $63 million to resolve U.S....

Visa Collaborates with Affirm on a Card That Allows Shoppers to Switch Between Payment Options

Visa has partnered with Affirm to introduce its 'flexible credential' technology in the US, featuring a card that switches between debit and buy now, pay...

UK Payments Group Calls on Incoming Government to Require Big Tech to Compensate Fraud Victims

On the day of the UK's General Election, The Payments Association has urged the incoming Chancellor to implement a 'Tech Levy' on major social media...

Visa Acquires UK Fraud Prevention Technology Company Featurespace

Visa has signed a definitive agreement to acquire the British AI-driven financial fraud prevention company Featurespace for an undisclosed amount. Founded in 2008 and based...

UK Companies Listed Abroad Should Repay State Aid

According to a report by UK Finance, companies that choose to list outside the UK or relocate significant operations away from the country should be...

UK Elections 2024: Labour Secures Stunning Landslide Victory

Keir Starmer’s Labour Party has secured a decisive victory in the UK general election held yesterday, unseating Conservative incumbent Prime Minister Rishi Sunak in a...

UBS Under Scrutiny from Pricing Regulator Following Credit Suisse Acquisition

Following UBS’s takeover of Credit Suisse earlier this year, the Swiss consumer pricing supervisor has placed UBS under observation due to competition concerns that may...

Lithuania Imposes EUR 9.3 Million Fine on Crypto Firm for Violating Russia Sanctions

Lithuania has imposed a record fine of EUR9.3 million on the cryptocurrency platform Payeer for violating sanctions related to Russia and failing to adhere to...

TigerBeetle Secures $24 Million in Funding for Transactions Database

Financial transactions database TigerBeetle has successfully raised $24 million in a Series A funding round, led by Spark Capital. Spark general partner Natalie Vais participated...

Canada’s Neo Secures C$360 Million in Equity and Debt Financing

Canadian fintech Neo Financial has successfully secured C$110 million in equity and an additional C$250 million in debt to enhance its competition against the major...