FinTech

New York State Mandates Stores to Accept Cash Payments

New legislation aims to protect cash transactions across the state.Highlights: New law requires New York stores to accept cash payments.Legislation aims to ensure access for all customers.Fines imposed for...

PRA Issues £2 Million Penalty to Bank of London for Integrity Failures

Regulatory body penalizes the bank due to integrity shortcomings.Highlights: PRA fines Bank of London £2 million for integrity...

HSBC Appoints First Chief AI Officer, Strengthening AI Leadership

The bank aims to enhance its AI strategy and innovation.Highlights: HSBC names its first Chief AI Officer to...

Revolut Reports Surging Profits as Growth Accelerates

The financial technology firm sees significant profit increases in its latest report.Highlights: Revolut's profits surged significantly in the...

SumUp Strengthens Merchant Services with In-App Investing Feature

The new feature aims to enhance financial flexibility for merchant clients.Highlights: SumUp introduces in-app investing for merchant clients.The...
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UK regulators issue joint proposals to tackle risk of financial instability posed by CTP dependency

UK regulators (Bank of England, PRA, FCA) collaborate on proposals Legislative proposals target potential financial instability from relationships with critical third parties (CTPs) ...

UK’s FCA proposes new rules to protect access to cash

The UK's Financial Conduct Authority (FCA) proposes new rules to safeguard access to cash amid the rising popularity of digital payments. Designated banks...

CSI names financial services veteran Troy Bradley as new CTO

CSI's New CTO: Troy Bradley appointed as Chief Technology Officer (CTO) at US fintech solutions provider CSI. Extensive Experience: Bradley, a financial services veteran, brings...

Crédit Agricole CIB taps Opensee for market risk management solution

Partnership Announcement:Crédit Agricole CIB collaborates with French fintech Opensee for a market risk management solution.Data Consolidation:Opensee's solution consolidates Crédit Agricole...

IDB Invest and IFC team up to launch the Amazon Finance Network

Amazon Finance Network Launch:IDB Invest and IFC collaborate to launch the Amazon Finance Network. Announcement made at COP28 in the UAE.Network...

Monzo co-founder Jonas Templestein departs after nine years

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John O’Beirne takes the reins as executive director of Square’s Europe operations

Executive Appointment:John O’Beirne, former Bank of Ireland executive, joins US fintech Square as executive director of its Europe operations.Leadership Role:O’Beirne...

French business banking firm Qonto taps Fourthline for onboarding tech

Qonto, a French business banking fintech, partners with Fourthline's onboarding technology. Fourthline, a Dutch compliance regtech founded in 2017, facilitates automatic KYC and...

Credit Union 1 migrates core to Jack Henry’s Symitar platform

Deployment of Jack Henry's Symitar Core Platform:Credit Union 1 (CU1), the second-largest in Alaska, USA, has implemented Jack Henry's Symitar core platform....
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