Banking

FCA Sues Crypto Exchange HTX Over Illegal Promotions

Regulatory action targets HTX for unauthorized promotional activities.Highlights: FCA files lawsuit against HTX for illegal promotions.HTX accused of breaching financial promotion rules.The action reflects increasing scrutiny of crypto exchanges....

Betterment Data Breach Exposes 1.4 Million Accounts

Customers urged to monitor accounts following the breach incident.Highlights: Betterment reports a data breach affecting 1.4 million customer...

Amazon Launches Pay by Bank Feature in the UK

New payment method aims to enhance shopping convenience for customers.Highlights: Amazon launches Pay by Bank in the UK.Feature...

FCA Appoints KPMG to Strengthen Open Banking Consensus

U.K. regulator seeks expert guidance to shape future of open banking.Highlights: FCA appoints KPMG to aid open banking...

Nationwide Boosts Digital Signing for Mortgage Deeds

First lender to enable full online signing of mortgage documents.Highlights: Nationwide allows full digital signing of mortgage deeds.This...
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Standard Chartered exits several markets in Africa through sale of subsidiaries to Access Bank

Standard Chartered is selling its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone to Nigeria's Access Bank, as part of its plan to...

Nav announces second acquisition of the year with start-up Tillful

Nav, the American financial health platform for small businesses, has made its second acquisition of the year by acquiring Tillful, a business financial health...

Payhawk launches in Lithuania after securing EMI licence from central bank

Bulgarian fintech firm Payhawk has expanded into Lithuania by securing an Electronic Money Institution (EMI) license from the Bank of Lithuania. With this license,...

Canadian Tire Bank to move to Temenos Banking Cloud

Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation, is partnering with Temenos to accelerate its core modernization. They will utilize the...

Santander reportedly looks to boost investment banking operations with new hires

Spanish bank Santander is planning to expand its investment banking operations and is onboarding at least 50 new bankers in the US, the UK,...

The Bank of London formally submits application for EU banking licence

The Bank of London has applied for a European Union (EU) banking license and plans to invest €200 million in Luxembourg and the wider...

UK fintech Suits Me looks to revive face-to-face banking with new digital service

UK-based fintech Suits Me is introducing a new face-to-face appointment service to provide a more personal touch for its banking customers, addressing the demand...

DBS Bank to sell majority stake in AXS to Tower Capital Asia

Singapore's DBS Bank is selling a 77.8% majority stake in AXS, a provider of electronic payment services, to Tower Capital Asia. The transaction is...

Monzo reportedly eyeing merger with Nordic neobank Lunar

UK digital bank Monzo is in early stage talks to potentially acquire Nordic neobank Lunar as part of its European expansion plans. Monzo is...
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