The FCA’s Consumer Duty clamps down on unfair savings rates
The Financial Conduct Authority (FCA) is taking action against banks and building societies for offering disproportionate interest rate rises to savers. The FCA's 14-point...
Upgrade snaps up BNPL vendor Uplift for $100m
US fintech Upgrade is set to acquire buy now, pay later (BNPL) vendor Uplift for $100 million in a mix of stocks and cash,...
Mercury Financial secures $200m debt facility to expand credit card business
US fintech Mercury Financial has secured a $200 million debt facility from Neuberger Berman to expand its credit card business and serve the middle...
German fintech start-up Monite bolsters leadership team with new hires
Berlin-based embedded finance start-up Monite has hired three new executives for its leadership team to drive growth and expand its presence in the EU,...
South Korea’s Finda bags $37m Series C funding
South Korean fintech Finda, a loan comparison platform, raised $37 million in Series C funding from JB Financial Group and 500 Global, with JB...
Vanquis Banking Group buys UK smart money app Snoop
Vanquis Banking Group has acquired UK fintech Snoop, a money-saving app leveraging AI and open banking technology, allowing users to track spending habits and...
Pay.UK reveals big jump in number of current account switches in the UK over last 12 months
Pay.UK's Current Account Switch Service experienced a 50% increase in switches compared to the previous year, with 1,277,484 account switches in the UK between...
UK challenger Monument names Fiona Pollard as new chair
Monument Bank, a UK-based digital bank for mass affluent customers, appoints Fiona Pollard as its new chair, succeeding Niall Booker who stepped down last...
The Philippines’ UnionBank taps NCR to manage its ATMs
UnionBank of the Philippines, the country's ninth-largest bank, partners with NCR Corporation to adopt their ATM-as-a-Service solution, aiming to enhance self-service banking for its...
