Bitcoin now accepted for day and boarding school Lomond fees
Lomond School has become the first UK school to accept bitcoin for school fees, partnering with providers CoinCorner and Musquet.
CFPB releases new policy statement about abusive conduct
The Consumer Financial Protection Bureau (CFPB) is looking to clarify what constitutes abusive conduct in consumer financial markets. On Monday, the bureau issued a policy statement that the regulator said explains the legal prohibition of that abusive conduct and summarizes … [Read More]
Motorcycle dealers report mixed sales amid tighter lender standards
Motorcycle sales fluctuated in July as customers faced increased loan rejections and higher new-vehicle prices. Englewood, Colo.-based Elway Dealer Group’s…
BitGo secures EU crypto custody licence
US-based crypto custodian BitGo has become one of the first non-EU firms to secure a licence under the EU’s Markets in Crypto Assets (MiCA) directive.
CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud
The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to “fester” on P2P payments platform Zelle.
JPMorgan Chase CEO calls for Washington to rethink financial regulations
During a meeting with Republican lawmakers and other top bank CEOs on whether big lenders are ‘debanking’ certain customers, JPMorgan Chase CEO Jamie Dimon emphasised the need to step back and reassess the financial regulations governing the banking industry.
Wealthsimple data breach exposes customer information
Canadian wealth management platform Wealthsimple says a security breach has left the personal information of some customers compromised.
SC Ventures and NEXT176 partner up to launch financial wealth platform
Standard Chartered’s investment ventures arm, SC Ventures has joined forced with building and investment arm of Pan-African financial services group Old Mutual, NEXT176, to roll out a financial wellness platform.
Sibos 2025: AI, quantum, CBDCs, tokenised assets and stablecoins to lead the agenda
In the opening plenary of Sibos 2025 in Frankfurt, executives at Swift and leading German banks Deutsche Bundesbank and Deutsche Bank introduced the themes of the conference and what can be accomplished on ‘the next frontier of global finance’.
Financial Cloud Summit sneak peek: headline speakers announced
Finextra will be hosting its inaugural Financial Cloud Summit conference on 2nd March 2023 in-person at King’s Place in London.
Visa launches VCS Hub for AI-powered commercial payments
Visa has launched a hub to help issuers and fintechs deliver commercial payment and embedded finance experiences.
Ireland’s fintech funding slumps
2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.
Eurosystem invites expressions of interest in wholesale DLT trials
The European Central Bank is inviting expressions of interest from financial market stakeholders in participating in trials of new technologies for wholesale central bank money settlement.
Visa adds settlement support for more stablecoins
Visa is expanding its backing for stablecoins, adding settlement support for three more coins as well two new blockchains.
Mastercard launches global Sustainability Innovation Lab
Mastercard is to open a ‘Sustainability Innovation Lab’ in Stockholm, which will act as a research and development space for the creation of climate conscious products.