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Hey FinTech Fanatic, Bancolombia is venturing into Cryptocurrencies with a new platform set to compete with Binance and Bitso, called Wenia. Wenia aims to engage over 60,000 clients in its first year of operations, aligning with Colombia's potential as the third-highest country in Latin America in terms

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

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

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

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,

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