Tag: Digital
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...
Cash App to exit UK as Block scales back international expansion plans
Summary of Cash App's Exit from the UK MarketCompany: Cash App, a division of Block (formerly known as Square), led by Jack Dorsey.
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First Global Bank in Jamaica partners Profile Software for digital Finuevo Suite
Summary of First Global Bank's Partnership with Profile SoftwarePartnership Details:Entities Involved: First Global Bank (FGB) and Profile Software.
Objective: Implementation of Profile...
Digital challenger Inter promotes SVP Alexandre Riccio to Brazil CEO
Summary of Inter's Leadership Changes and StrategyLeadership Appointment:New CEO: Alexandre Riccio appointed as CEO for Brazil.
Focus Shift: Current group head Joao...
Diamond Credit Union partners Tyfone for nFinia digital banking platform
Partnership:Diamond Credit Union selects Tyfone for its nFinia Digital Banking platform.
The platform will serve both commercial and retail customers.Key Features:...
TBC Bank Uzbekistan lands $38.2m equity investment
Funding:TBC Bank Uzbekistan (TBC UZ) secured a $38.2 million equity investment from stakeholders.
TBC Bank Group, the parent company, is contributing $23...