Deel’s valuation surges past $17bn after fund raise
Payroll platform Deel has announced an investment of $300m led by new backer Ribbit Capital which has seen its valuation rise to $17.3bn.
UK bids to cut red tape for fintech firms
The UK’s Regulatory Innovation Office is to work with the Digital Regulation Cooperation Forum to cut red tape for fintechs as they navigate complex regulation.
Donald Trump has tools to fire powerful financial regulator in term two
Rohit Chopra’s crackdowns on illegal car repossessions, home foreclosures and bank overdraft fees made him a hero to consumer groups…
Weaknesses in bank mobile app security are exposing customers to fraud – Which?
Weak banking security measures are leaving customers dangerously vulnerable to fraud on stolen phones, Which? warns.
BIS Innovation Hub targets CBDCs and green finance in 2021
An investigation into the use of multiple wholesale CBDCs for cross-border payments and a DLT prototype for the distribution of tokenised green bonds to retail investors are among the projects on the agenda this year for the Bank for International Settlements Innovation Hub.
UK tribunals rules Visa and Mastercard fees breach competition law
The UK’s Competition Appeal Tribunal has ruled that Visa and Mastercard’s multilateral interchange fees charged to retailers breach European competition law.
What Tricolor no-show could mean, according to legal experts
The absence of Tricolor Holdings representatives at the company’s meeting of creditors on Nov. 18 could stem from the ongoing…
NatWest invests in AI startup dedicated to tackling financial vulnerability
NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.
Fed’s Waller says fresh rate cuts possible in first half of 2025
Federal Reserve Governor Christopher Waller said the US central bank could lower interest rates again in the first half of…
PODCAST: Monthly visit with Point Predictive delves into credit washing
This monthly installment of the Auto Remarketing Podcast focused on fraud with two experts from Point Predictive tackled the world of credit washing. Justin Davis and Frank McKenna recapped what credit washing is and how it can impact auto financing, … [Read More]
Monzo surpasses £1bn revenue milestone
UK fintech Monzo has recorded a sharp rise in profitability and posted revenue in excess of £1bn for the first time.
ARA & DRN work toward smoothing concerns over LPR
What perhaps could have festered into a messy situation involving organizations that have worked together so closely in the repossession world has smoothed over in recent days. The American Recovery Association used a white paper to explain notable operational and … [Read More]
FTC sending next installment of consumer payments from $8.8M Napleton settlement
Last week, the Federal Trade Commission said it began to send a second round of payments totaling more than $857,000 to consumers who were harmed by Illinois-based Napleton Automotive Group’s “junk fees” and discriminatory practices. The FTC and the state … [Read More]
Binance stops accepting new UK customers
Binance has stopped accepting new users in the UK while it works to find a partner to help it meet recently-introduced crypto asset promotion rules.
SBS talks changing face of banking, warns regulation and financial inclusion not optional
Day two of the SBS Summit 2025 continued to prioritise customer experience, but this time with a specific focus on data usage and inclusive efforts to serve the unbanked.