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Central 1 Credit Union is to wind down its digital banking business and transition clients to one or more alternative digital banking providers.
28 October 2024
Wise CEO Kristo Käärmann has been slapped with a £350,000 fine by the FCA for a breach of senior manager conduct relating to his failure to immediately report a default on his tax bill.
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.
Visa is joining forces with the United States Agency for International Development (USAID) to improve access to digital government and payment systems across the world.
Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.
The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.
25 October 2024
Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.
Western Union has struck a deal to buy mobile wallet Dash from Singaporean telco Singtel. Financial terms were not disclosed.
After a launch in Latin America earlier this year, Mastercard has brought its Product Express platform to a host of new markets, enabling fintechs to roll out a card programme in a matter of days.
Full-stack payment processor Finix has raised $75 million in Series C funding round led by by Acrew Capital and joined by Citi Ventures.
24 October 2024
Temenos has hired Barb Morgan, formerly of LSEG and FIS, as chief product and technology officer.
The European Central bank is implementing a cross-currency settlement service on the Eurosystem's Target Instant Payment Settlement (Tips) service.
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