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/payments

Italian unicorn Satispay raises €60 million

Italian unicorn Satispay has raised €60 million as it surpasses the milestone of five million users.

/security

Visa and Tencent bring palm payments to Singapore

Chinese tech conglomerate Tencent has teamed up with Visa to take its palm recognition technology for digital payments international, beginning with Singapore.

/payments

AmEx inks data sharing deal with MX

American Express has formed an API-powered data access agreement with MX Technologies, enabling customers to connect their accounts to third-party providers.

/crypto

Crypto CEO kidnapped, released after paying C$1m ransom

The CEO of a cryptocurrency firm was kidnaped and held for a C$1 million ransom in Toronto, according to local press reports.

/people

Federal Reserve head will not step down under Trump

Chairman of the Federal Reserve, Jerome Powell, has stated he will not be stepping down from the position if asked when Donald Trump returns to office.

/regulation

Hong Kong Monetary Authority fines Fubon Bank HK$4m

Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for violation of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

/inclusion

UK government urged to implement compulsory financial education from primary school

The UK government has been called to make financial education compulsory from primary school by GoHenry, at an event in the House of Commons this week.

/ai

NextGen: AI – UK AI market poised to grow six-fold

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore why the UK AI market is set to grow exponentially.

/crime

CFPB charges Navy Federal Credit Union $95 million for overdraft and junk fees

The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users overdraft fees.

/wholesale

Lloyds PE unit invests in LendingMetrics

Lloyds Banking Group's private equity investor LDC has backed credit risk technology provider LendingMetrics.

/payments

Nium partners blockchain-based Partior on cross-border payments

Cross-border B2B payments operator Nium has formed a partnership with Partior, the blockchain-based fintech for clearing and settlement.

/regulation

FTC accuses Dave of misleading marketing and hidden fees

The Federal Trade Commission has filed a complaint against fintech Dave for using "misleading marketing" and charging "surprise" fees for its cash advance service.