Markets

The US Federal Reserve has imposed a $44 million fine on Green Dot for many unfair and misleading practices and a poor client compliance risk management framework. The regulator accused the digital bank of breaking consumer law when it advertised,...

Webull UK, an online investing platform, has rolled out Webull Savings. This service allows users to swiftly transfer funds between trading accounts and banks and access a marketplace of savings accounts. The new platform enables users allocate their money across...

Tapi, a payment processor based in Argentina, has announced the conclusion of its latest funding round. The company said it received $22 million from the round. Tomas Mindlin, Tapi's Chief Executive Officer and Co-founder, said the firm will use the...

BUX Holding B.V. has sold its subsidiary firm in the United Kingdom, BUX Financial Services Limited, to Asseta Holding, the overseeing company of APM Capital. The Financial Conduct Authority authorizes BUX Financial Services Limited. The firm provides spread betting and...

American Express is now facing action from the Australian Securities and Investment Commission (ASIC) for not following the design and distribution rules. An Australian court has also told the credit card company to pay AU$ 8 million for these rule...

Ecommpay has teamed up with Mastercard to introduce the Click to Pay service in the UK and Europe. This partnership wants to give merchants and consumers an easy and effective way to pay, cut down on fraud, and improve how...

London-based VC Company 13books Capital, formerly known as Element Ventures, is announcing the closing of a £121 million fund. This fund aims to support the next generation of financial technology (fintech) innovators. This fund shows 13books Capital's ongoing commitment to...

Ecommpay, a renowned payments platform, has added the Click to Pay feature to its online payment system. It is teaming up with Mastercard to help some customers use Click to Pay for safer and easier payments. The company's merchants are...

Meridien, a holding company based in the United States that works in the financial industry, will purchase a 27% share in DKK Partners, a financial technology firm in London. This acquisition coms as DKK Partners begins its stock trading on...

Virtu Financial, a company that helps with market trading and provides liquidity, revealed that it gained significant profits in the second quarter of this year. The firm reported many achievements during this period. It gained many earnings, controlled its debt,...

Cryptocurrency exchange Kraken has broadened its custody services to customers in Australia and the UK. This move is the first time the service has been offered outside the US, where it started as a way to manage digital assets. Kraken...

The Monetary Authority of Singapore (MAS) has announced it will invest an extra SGD 100 million (about $74 million) through the Innovation Grant Scheme (FSTI 3.0) and Financial Sector Technology. This funding will help banks and financial institutions develop their...

Aven, a California-based company, has raised $142 million in a series D financing round to make its home equity credit card available to homeowners throughout the US. The investment round was led by General Catalyst and Khosla Ventures, with involvement from...

The Financial Conduct Authority has instructed financial firms like banks, payment companies, and loan providers to make extra efforts to ensure that people in Parliament, top government workers, and their families are not mistreated. Under rules made by Parliament, the...

The Consumer Financial Protection Bureau (CFPB) has recently suggested a new rule. This rule clarifies that many paycheck advance products, which are sometimes called "earned wage" products, are loans and must follow the Truth in Lending Act. The guidance will...