Tags: FinTech
CFPB Hits Fintech Giant Wise with Fines Over Deceptive Fee Practices
The Consumer Financial Protection Bureau (CFPB) has fined U.K.-based remittance service Wise nearly $2 million for misleading advertising and inadequate customer transparency regarding fees and…
FinTech Surge: Over $2.4 Billion Raised in Record-Breaking Week for Industry Growth
In a vibrant week for the FinTech industry, 35 deals were reported by FinTech Global, building on over $16 billion in funding from the previous…
Fintech Startup Cushion Bows Out After 8 Years and $20 Million in Funding: What Went Wrong?
Cushion, a fintech startup dubbed the “Plaid for buy now, pay later,” has announced its closure by the end of 2024, as revealed by founder…
2024 Indian FinTech Landscape: Funding and Deal Activity Plummets Amid Market Uncertainty
In 2024, the Indian FinTech sector faced a significant downturn, with funding and deal activity plummeting. Total deals fell by 54% to 216, while funding…
UK Fintech Job Market Soars: Discover Exciting Opportunities in a Thriving Industry
In 2024, the fintech industry saw a notable increase in job vacancies, reaching 12,519 compared to 8,672 in 2023, driven by venture capital funding, AI…
Unlocking the Future: FINRA 2025 Report Highlights Key Compliance Challenges and AI Integration in FinTech
FINRA has released its 2025 Regulatory Oversight Report, providing crucial guidance for member firms to enhance compliance programs. The report reflects FINRA’s commitment to transparency…
Trump Media Unveils Exciting New Fintech Brand: A Game-Changer in Financial Technology
Shares of Trump Media and Technology Group (TMTG), the parent company of Truth Social, rose over 10% after announcing its new fintech initiative, Truth.Fi. This…
Formance Secures $21M Funding to Develop the AWS of Fintech Infrastructure
Formance, a French startup, addresses the challenges of managing financial records for expanding businesses by offering a comprehensive, open-source financial ledger. Their platform consists of…
Unlocking Fintech’s Future: Innovative Frameworks to Assess Financial and Social Impact
Fintech companies are transforming the global financial services landscape, achieving a market valuation of $294 billion in 2023 across over 33,000 firms. Key growth drivers…
Top Trends Shaping ESG FinTech in 2025: What to Watch For!
The ESG (Environmental, Social, and Governance) landscape is increasingly polarized, with some countries embracing sustainability while others retreat. As 2025 approaches, optimism grows among industry…
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