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Marcel van Oost

Federal Oversight Increases for PayPal Venmo, Apple Pay, Google and other Tech Giants

Federal Oversight Increases for PayPal Venmo, Apple Pay, Google and other Tech Giants

Hey FinTech Fanatic, The U.S. government is considering applying bank-like oversight to major tech companies like Apple, Google, and PayPal, which manage digital payments through their apps. This proposed regulation, spearheaded by the Consumer Financial Protection Bureau (CFPB), aims to introduce routine checks similar to those conducted on traditional

The CFO Series: The Role of FinTech in Automating Financial Workflows

The role of Chief Financial Officers (CFOs) is evolving in the eCommerce sector. As mentioned in the previous article, CFOs are increasingly involved in strategic decision-making and technological integration. So, now we're talking about workflow automation and it’s vital for businesses to grow and how FinTechs can

Would You Trust Elon Musk's X With Your Finances?

Would You Trust Elon Musk's X With Your Finances?

Hey FinTech Fanatic! Earlier this week I shared that Elon Musk’s X now has a Money Transmitter License in 25 States in the US. According to Christopher Stanley, the Head of Payments at X, the platform's payment capabilities will extend far beyond simple tipping. Users can soon

Binance Founder Sentenced to Four Months In Prison, and Goldman Retreats from Consumer Lending, Barclays to Take Over GM Cards

Binance Founder Sentenced to Four Months In Prison, and Goldman Retreats from Consumer Lending, Barclays to Take Over GM Cards

Hey FinTech Fanatic! Goldman Sachs is reportedly negotiating the transfer of its General Motors credit-card program to Barclays. This move signifies a significant development in Goldman's strategy to scale back its consumer lending operations. Barclays appears to be the frontrunner to assume the program, which boasts approximately $2

European Central Bank (ECB) has called for changes to tech firm Apple’s payments system

European Central Bank (ECB) has called for changes to tech firm Apple’s payments system

Hey FinTech Fanatic! Piero Cipollone, a member of the executive board of the European Central Bank (ECB), has urged for alterations to be made to the payment system of tech giant Apple. Cipollone conveyed this message in a letter addressed to Thierry Breton, the European Commissioner for the internal market,

🚨Breaking: Monzo's Funding Round Hits £500M with Hedosophia onboard

🚨Breaking: Monzo's Funding Round Hits £500M with Hedosophia onboard

Hey FinTech Fanatic! Rumblings from the financial hub suggest that Monzo could make the big reveal this week, unveiling Hedosophia alongside Singapore's Government Investment Corporation (GIC) as key backers in a fundraising round nearing the £500 million mark. This unexpected surge in funding positions Monzo among the elite

Mollie Returns to Profit, Stripe's Major Updates, and Adyen's Results

Mollie Returns to Profit, Stripe's Major Updates, and Adyen's Results

Hey FinTech Fanatic! This week, Stripe made waves with its annual "Stripe Session," unveiling a whopping 50 updates to its stack. Perhaps the most significant revelation was its decision to decouple payments—the cornerstone of its services—from the rest of its financial offerings. On the home front,