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Starling Bank Launches Call Indicators amid Concerns of Impersonation
- The new feature provides real-time information on whether Starling is currently calling or has called recently.
- Bank impersonation scams in the UK result in annual losses of about £78.9 million.
Thursday, 31/10/2024 | 11:18 GMT by
Tareq Sikder
DriveWealth Plants European Flag in Lithuania's Fintech Hub
- The BaaS company secures a European brokerage license, establishing Vilnius as its European hub.
- The fintech platform expands its global footprint, marking its third regulatory jurisdiction alongside the US and Singapore.
Thursday, 31/10/2024 | 10:12 GMT by
Damian Chmiel
Real-Time Payments to Boost Global GDP by 74% in Five Years
- ACI Worldwide’s research showed that real-time payments contributed $164 billion to global GDP.
- Real-time payments are also promoting financial inclusion, with over 167 million new bank accounts expected to be created by 2028.
Monday, 21/10/2024 | 13:17 GMT by
Jared Kirui
Stripe and FreedomPay Collaborate for Enterprise Solutions over 1,000 POS Systems
- The collaboration allows companies to integrate Stripe’s payment tools with FreedomPay-supported card readers.
- Stripe is investing in contactless payment solutions like Tap to Pay on Android and in new NFC applications.
Wednesday, 09/10/2024 | 16:41 GMT by
Tareq Sikder
Wirex Pay Rolls Out Non-Custodial Wallet for Global Crypto Transactions
- The app's early access is now live for select users, allowing crypto payments in over 200 countries.
- The platform uses ID verification to protect accounts and grant users control over their assets.
Wednesday, 09/10/2024 | 09:47 GMT by
Tareq Sikder
Cybersecurity Accounts for 63% of Fintech Growth, Study Finds
- UnaFinancial's research revealed that the correlation between fintech growth and cybersecurity strengthens as income level rises.
- In Asia, fintech growth is more closely linked to the consumer electronics market size.
Monday, 07/10/2024 | 20:53 GMT by
Jared Kirui
eToro Upgrades Price Alert Functionality with New Features and Access Widget
- Users will receive instant confirmations for setting, updating, or deleting alerts, along with details.
- A bell icon will appear next to the instrument's symbol, indicating active price alerts.
Monday, 07/10/2024 | 08:53 GMT by
Tareq Sikder
Ebury Expands Team with Two Hires for Derivatives and APAC Coverage
- Tom Farrow, formerly of Monex Europe, will expand firm’s presence in derivatives and corporate segments.
- Aaron Bird, from Argentex, will expand company's coverage in the Asia-Pacific region.
Monday, 07/10/2024 | 08:33 GMT by
Tareq Sikder
Starling Bank Faces £29 Million Fine from FCA over Financial Crime
- The bank's growth from 43K to 3.6 million customers outpaced improvements in its financial crime controls.
- In January 2023, Starling found its screening system inadequately screened customers against sanctions.
Thursday, 03/10/2024 | 11:01 GMT by
Tareq Sikder
Stripe Scales Up with New Toronto Office amid 50% Growth in Payment Volume
- The firm offers products like Tap to Pay on iPhone and usage-based billing to assist Canadian businesses.
- The company is hiring for engineering, product management, sales, and design roles at its new office.
Friday, 27/09/2024 | 08:28 GMT by
Tareq Sikder
Revolut Prepares for 2025 Mexico Launch after Obtaining Banking License
- According to the CEO, over 100,000 people are on the waiting list to become customers.
- The company plans to offer a no-limit bank account and free international transfers at launch.
Thursday, 26/09/2024 | 15:18 GMT by
Tareq Sikder
UniCredit Snaps Up 4.5% Stake in Commerzbank from German Government
- The company seeks approval to raise its Commerzbank stake to 29.9%, avoiding a full takeover bid.
- The sale sparked controversy in Germany, with officials reportedly surprised by UniCredit's interest.
Thursday, 19/09/2024 | 08:28 GMT by
Tareq Sikder
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