FCA calls for “robust frameworks” to detect fraud and support victims
The UK's Financial Conduct Authority (FCA) urges firms to enhance anti-fraud systems.
The FCA's recent review revealed both good and poor practices in...
Canadian Tire reacquires Scotiabank’s 20% stake in its financial services arm in $650m deal
Financial Transaction: Canadian Tire buys back Scotiabank’s 20% stake in its financial services arm, CTFS, through an all-cash transaction valued at around $650 million...
India’s InCred Finance secures unicorn status with $60m Series D funding
Funding News:Indian fintech InCred Finance secures $60 million in Series D funding.
Valuation reaches $1.05 billion, making InCred the latest unicorn in...
Block’s Cash App withdraws bid for Irish virtual asset licence
Cash App withdraws VASP license application in Ireland.
The peer-to-peer platform sought a license from Ireland’s central bank for virtual asset and cryptocurrency...
Wise temporarily pauses new business onboarding in Europe
Wise temporarily pauses business onboarding in Europe.
High demand was cited as the reason for the onboarding freeze.
UK businesses onboarding resumes, with...
OakNorth taps Coconut founder Sam O’Connor to lead business banking unit
Sam O'Connor's New Role: Sam O'Connor, former CEO of Coconut, is now leading business banking at OakNorth Bank.
Business Banking Offering: OakNorth Bank's...
US business payment platform Bill reportedly closing on $1.95bn deal to acquire Melio
Acquisition Talks: Bill Holdings, a US financial services platform, is in talks to acquire Melio Payments.
Deal Value: The potential acquisition is valued at $1.95...
UK challenger Monument Bank completes £40m Series B raise, eyes more funding
UK digital bank Monument secures £40 million in Series B funding.
Dubai Investments increased its stake in Monument from 9.25% to 16.93%.
Monument's...
CFPB targets US fintech firms with proposals for increased regulatory scope
The Consumer Financial Protection Bureau (CFPB) aims to subject large tech firms and neobanks to supervisory examinations similar to traditional banks.
Proposed regulations...
