FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment aims to boost predictive market capabilities.Polymarket continues to innovate in financial...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...

Saudi Arabia Issues First Major Payment Institution License to Lean Technologies

This marks a significant step in the Kingdom's fintech landscape.Highlights: Lean Technologies receives Saudi Arabia's first major payment...
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German fintech Moss taps GoCardless to power its UK push

German fintech Moss has partnered with GoCardless to facilitate its entry into the UK market. GoCardless will act as Moss's UK direct debit provider,...

BKN301 names Mahesh Paolini-Subramanya as new CTO

BKN301 Group has appointed Mahesh Paolini-Subramanya as its new Chief Technology Officer (CTO). He brings extensive experience to the role, having worked at various...

Alexander Weber departs as CGO of German challenger N26

Alexander Weber, the Chief Growth Officer (CGO) of German challenger bank N26, is stepping down after nine years with the company. Weber has been...

Bank of America fined by US regulators over fake accounts and junk fees

The US Consumer Financial Protection Bureau (CFPB) has fined Bank of America $150 million and ordered the bank to compensate affected consumers with over...

Ten UK credit unions tap Engage for Faster Payments Service

Ten UK credit unions have partnered with Engage, a community banking division of Solaris, to utilize Engage's bulk Faster Payments Service (FPS). This collaboration...

Fiinu to scale back operations amid continued efforts to source fresh funding

UK banking start-up Fiinu is facing difficulties in securing additional funding required for its banking license application with UK regulators. As a result, the...

Solaris raises €38m in funding to strengthen governance and compliance

European embedded finance platform Solaris has raised €38 million in Series F funding to strengthen its governance and compliance. The funding will support the...

Apple eyes credit card launch in India as partnership with Goldman may be nearing its end

Apple is reportedly in talks with HDFC Bank and Indian regulators to launch a credit card in India. Meanwhile, Goldman Sachs is considering ending...

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...
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