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Hey FinTech Fanatic! FTX, once a giant among crypto exchanges, just got the green light for its bankruptcy plan, signaling a significant step towards customer repayment. The court-approved strategy will enable FTX to reimburse up to 98% of customers using a substantial $16.5 billion in recovered assets, prioritizing those

Hey FinTech Fanatic! The UAE has taken a significant step in the digital finance landscape by exempting all crypto transactions from value-added tax (VAT). Effective November 15th, this regulatory change means that digital assets are now treated similarly to traditional financial services, free from the usual 5% VAT. This isn&

Hey FinTech Fanatic! TrueLayer, a leading pay-by-bank network in Europe, just secured an extra $50 million, extending its Series E to fuel its path to profitability. This funding, led by Northzone with big names like Tencent and Stripe jumping in, solidifies TrueLayer’s position as a trailblazer in digital payments.

Hey FinTech Fanatic! Revolut has taken a bold stand against Meta, calling out the tech giant for not stepping up when it comes to compensating victims of fraud on its platforms. Just a day after Meta announced a partnership with U.K. banks like NatWest and Metro Bank to improve

Hey FinTech Fanatic! Starling Bank has been hit with a £28.9 million fine by the Financial Conduct Authority (FCA) for serious failings in its financial crime systems. Despite its explosive growth—surging from 43,000 customers in 2017 to 3.6 million in 2023—Starling’s controls on financial

Hey FinTech Fanatic! Robinhood is making waves in the European market with a major update: customers in the European Union can now transfer cryptocurrencies in and out of the platform. Announced on Tuesday, this expansion allows users to deposit and withdraw over 20 digital assets, including Bitcoin, Ethereum, Solana, and

Hey Fintech Fanatic! inDrive takes another step towards financial inclusion by launching its first financial product in Colombia—inDrive Money. As the world’s second most-downloaded mobility app, inDrive is expanding its mission to challenge injustice by offering gig economy workers, particularly drivers on its platform, an opportunity to access