Citi fined £61.6m by UK regulators for “failures in its trading systems and controls”
The total penalty consists of a £33,880,000 fine from the PRA and a £27,766,200 fine from the FCA.
The total penalty consists of a £33,880,000 fine from the PRA and a £27,766,200 fine from the FCA.
Industry leaders convened in San Francisco on Tuesday to kick off FinovateSpring 2024.
The regulator says it is suing the firm for “deceiving borrowers and illegally extracting fees”.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
In this episode of the podcast, we’re joined by Bivu Das, UK Managing Director at Kraken.
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
There is a huge sense of urgency, commitment and purpose behind fintech in the UAE.
SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
Europe must harness the full potential of the digital revolution for the continent’s unbanked.
The bank was previously hit with a $348 million fine from the OCC and FRB in March.
Larson previously spent over eight years at Canadian multinational information corporation Thomson Reuters.
Fulton Bank will “assume substantially all of the deposits and purchase substantially all of the assets” of the bank.
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The acquisition is expected to close by the third quarter of 2024.
The UK-based challenger will make its Mexican debut with money transfer services.
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
Biz2Credit will pay $33 million and Womply will pay $26 million to settle the two separate cases.
In this episode of the podcast, we’re joined by Pinar Alpay, Chief Product and Marketing Officer at Signicat.
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
Jose Luis Navarro of BBVA discusses the evolution of the open banking landscape in the EU.
The fines were issued by the the Office of the Comptroller of the Currency and the US Federal Reserve.
Our pick of the top fintech news stories this week includes the US Federal Reserve, Starling Bank and more.
We sat down with Tinna Hallbergsdóttir of Taktikal to discuss the firm’s innovative approach to onboarding.
Fed chairman Jerome Powell tells Congress that “people don’t need to worry”.
We sat down with Roman Zilber of Intrepid Fox to discuss the intersection between KYB and GenAI.
The new limit is poised to save US consumers more than $14 billion a year.
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Green Dot says the consent order relates “principally to various aspects of compliance risk management”.
Napier AI claims that since 2021, its top-line revenue has grown at more than 30% year on year.
A deep dive into the practical uses of AI through the lens of the FCA’s Consumer Duty.
The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Ripple has recently announced custody partnerships with HSBC, BBVA and Zodia Custody.
Is your data strategy up to the challenge? Learn how artificial intelligence can help you reinvent marketing ops.
The fintech has been licenced to operate in Europe since 2022.