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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NY Fed and banks upbeat on digital dollar pilot results

The Federal Reserve Bank of New York conducted a proof-of-concept (PoC) run with several banks and organizations, including Citi, HSBC, and Wells Fargo, to...

Silverbird appoints Stu Bailey chief product officer

London-based fintech Silverbird has hired Stu Bailey as its Chief Product Officer. Bailey, previously the CPO at Currencycloud, will be responsible for scaling Silverbird's...

AFME outlines concerns in upcoming CS3D regulation in paper

The Association for Financial Markets in Europe (AFME) has released a report outlining concerns with the upcoming Corporate Sustainability Due Diligence Directive (CS3D). The...

RTGS.global to pilot cross-border service with banks in Georgia and Tajikistan

RTGS.global, a cross-border payments and settlements company, has signed pilot agreements with MDO Humo in Tajikistan and Credo Bank in Georgia to run pilots...

BoE and FCA Deliver Data Collection Transformation Update

The Bank of England (BoE) and Financial Conduct Authority (FCA) have successfully completed phase one of the Transforming Data Collection (TDC) program, meeting all...

Martin Lewis calls for regulation after featuring in deepfake AI scam

Consumer finance specialist Martin Lewis has called for regulation after being featured in a deepfake AI scam video circulated on Facebook. The video used...

FTC files amended money transfer fraud complaint against Walmart

The Federal Trade Commission (FTC) has filed an amended complaint against Walmart, alleging that the retailer allowed its money transfer services to be used...

Platform One appoints former SEI operational director Terry Leavy as new COO

Platform One, a London-based investment platform and technology company, has appointed Terry Leavy as its new Chief Operations Officer (COO). Leavy brings a wealth...

US fintech Clair lands $25m equity funding to power on-demand pay

New York-based fintech start-up Clair has secured $25 million in equity funding to fuel the growth of its consumer on-demand pay solution backed by...
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