Banking

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The fine addresses issues with customer verification processes.Revolut has pledged to improve...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
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Ripple: Acquires 40% Stake in Asia’s Leading Cross-Border Payments Specialist Tranglo

Tranglo a global cross-border payment processing hub that supports business payments, mass payout, payment collection Ripple provides one frictionless experience to send money globally...

Meniga: Announced a new partnership with Visa

Meniga, the global leader in digital banking and personal finance solutions Visa the world’s largest retail payment network to accelerate its expansion within...

Santander: Joins Net Zero Asset Managers initiative

Banco Santander leading retail and commercial bank founded in 1857 and headquartered in Spain Santander Asset Management joined the global Net Zero Asset Managers...

NYMBUS: Introduced a new Credit Union Service Organization Nymbus CUSO

Nymbus enables banks and credit unions of any size to grow and attract new market segments by delivering a full suite of banking...

Emirates NBD: Reports steep increase in contactless payments

Emirates NBD a leading banking Group in the region. As of 31st December 2020, total assets were AED 698 Billion As consumers and...

Duco: Announces the release of its new cloud-based data preparation product

Duco enables financial services firms to control complex data using light-touch, self-service technology Announces the release of its new cloud-based data preparation product,...

First Internet Bank: Joins FedNow Service pilot

First Internet Bank announced its participation in a pilot program for the FedNow Service, the Federal Reserve’s instant payments network This collaboration further...

Refinitiv: Launches next-generation intelligent Content Management capability

Refinitiv, an LSEG business one of the world’s largest providers of financial markets data and infrastructure Announced the launch of House Views and...

FCA: Grants Authorised Payments Institution License to Trust Payments

Trust Payments group power the online payments of some of the world’s most well-established companies In 2020, Trust Payments went through rapid expansion,...
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