/regulation
After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.
28 May 2024
/security
ABN Amro is warning customers that their personal details may be at risk after a ransomware attack at one its supplier.
/payments
HPS has acquired long-established Irish digital banking and payments software company CR2.
/sustainable
Stockholm-based sustainability fintech Deedster has secured a SEK 15 million investment round led by Wellstreet.
/retail
NatWest customers returning to the high street after the UK bank holiday weekend have been complaining of outages on the lender's mobile app and online banking.
Starling's SaaS platform Engine could generate hundreds of millions of pounds a year for the UK digital bank, propelling it towards a £10 billion valuation, predicts investor Chrysalis.
27 May 2024
JP Morgan will pay $100 million to settle a CFTC probe that concluded the bank failed to properly monitor billions of client orders between 2014 and 2021.
/crime
A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.
24 May 2024
/crypto
The US Securities and Exchange Commission (SEC) has approved rule changes in support of ethethereum ETFs, setting up the potential launch of 8 exchange traded funds.
The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".
/ai
Spanish banking group BBVA is stepping up its use of artificial intelligence, signing a deal with OpenAI to start rolling out ChatGPT to thousands of employees.
/startups
New challenger SilverRock Bank has been granted banking authorisation with restrictions by the Prudential Regulation Authority following the completion of a £50m funding round.
23 May 2024
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