October 19, 2024 @ 4:15 pm By Tony Zerucha  |  

The Financial Technology Association (FTA) this week spoke out against the Consumer Financial Protection Bureau’s (CFPB) final interpretive rule on BNPL products. FTA president and CEO Penny Lee said the two organizations share the goal of consumer health. However, the CFPB’s results are inadequate. “Millions… Read More

 Tagged bnpl, cfpb, financial technology association, interpretive rule, penny lee

October 19, 2024 @ 10:17 am By Tony Zerucha  |  

DNA Fund, a player in emerging tech and Web3 investments, has acquired Coral Capital Holdings, an investment management firm that has previously managed millions in the DNA founders’ funds. DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor,… Read More

 Tagged Christopher Miglino, Coral Capital, DNA Fund, Thomas L. McLaughlin, Web3

October 19, 2024 @ 10:14 am By Tony Zerucha  |  

This week Surfshark released Data Leak Checker, a free, online service that lets users monitor the safety of their personal information. Powered by Surfshark Alert, this tool allows users to check if their personal data has been compromised in a data leak by simply entering… Read More

 Tagged Kornelija Vanage, surfshark

October 19, 2024 @ 10:12 am By Omar Faridi  |  

Mastercard (NYSE: MA) has officially introduced a range of new open banking-powered tools that put consumers in control of their data, safely and securely. Global payments firm Mastercard is launching Connect Plus, which is said to be data-consent command center, and new enhanced identity and… Read More

 Tagged mastercard, open banking

October 18, 2024 @ 5:58 pm By Omar Faridi  |  

A recent TransUnion (NYSE: TRU) analysis finds that fraud is said to be costing businesses the equivalent of nearly 7% of revenues. According to the extensive report from TransUnion, three in four business professionals indicated fraud stayed the “same or increased” in the last year;… Read More

 Tagged fraud, fraudulent activities, research, scams, transunion

October 18, 2024 @ 11:41 am By Omar Faridi  |  

DriveWealth, a financial tech platform offering Brokerage-as-a-Service, has recently announced its end-to-end integration with multiple execution management system (EMS) platforms, including Bloomberg EMSX, LSEG Autex and TRAFiX. With these integrations, institutional broker-dealers are able to connect with DriveWealth’s platform and benefit from streamlined trade booking,… Read More

 Tagged drivewealth, financial services, investing, trading

October 18, 2024 @ 9:44 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has recently announced that the Crystal Trust, acquired from Evolve Pensions this past year, has been consolidated into the Smart Pension Master Trust. Evolve Pensions provided workplace pension services via their master trust, the Crystal Trust… Read More

 Tagged pensions, smart pension, uk, united kingdom

October 18, 2024 @ 8:04 am By JD Alois  |  

Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple  reported… Read More

 Tagged affirm, ANZ, apple, apple pay, bnpl, CaixaBank, dbs, hsbc, jennifer bailey, klarna, monzo, new day, online lending, payments, zilch

October 18, 2024 @ 7:43 am By Omar Faridi  |  

The Bank of Ireland has issued an urgent fraud alert, cautioning that  businesses are being targeted with so-called ‘Live chat’ scams. Bank of Ireland is now specifically warning UK businesses about a recent increase in ‘Live chat’ scams. According to the update from the Bank… Read More

 Tagged bank of ireland, consumer protection, fraud, fraudulent activities, scams

October 18, 2024 @ 7:40 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has signed an agreement with a subsidiary of funds advised by Elliott Advisors (UK) Limited for the on-going sale of “substantially all” of Klarna’s short-term, interest free product receivables in the United Kingdom. Klarna will still… Read More

 Tagged bnpl, digital financial services, klarna, payments