Tag: Compliance
Coinbase’s CB Payments unit fined £3.5m by FCA
FCA Fines Coinbase’s CB Payments Ltd (CBPL)
Key Points:Fine Imposed:Amount: £3,503,546 million.
Reason: Alleged breaches of a requirement preventing CBPL from offering services...
Stripe buys US paytech start-up Lemon Squeezy
Stripe Acquires Lemon Squeezy
Key Points:Acquisition Overview:Acquirer: Stripe.
Target: Lemon Squeezy, a US-based payments platform start-up.
Acquisition Date: Announced recently, exact date undisclosed.
...
Corlytics hires new CTO, chief data officer and chief tech architect
Corlytics Leadership Reshuffle
New Leadership Appointments:Steve Barnes - Group Chief Technology Officer (CTO)Role: Drive advanced technology solutions, maintain security standards
Experience: Over 20...
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit and withdrawal services for personal and small business current accounts.Implementation Date:New guidelines take...
FCA lifts partner onboarding restrictions on UK fintech Modulr
Key Points:Lifted Restrictions:The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.Original Order:Modulr was ordered to...
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Key Points:Reason for Fine:Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card products.
Deficient Consumer Compliance Risk...