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Hey FinTech Fanatic! Wise has been tackling a formal remediation plan from European regulators after a 2022 review by the Belgian National Bank flagged anti-money laundering (AML) issues. According to the Financial Times, the review found Wise lacked proof of address for hundreds of thousands of customers. The company responded

Hey FinTech Fanatic! SumUp has hit a remarkable milestone, processing over 1 billion transactions annually across its global merchant base. The FinTech company has evolved significantly from its payments roots, with over 1 million customers now using SumUp Business Account as part of its expanded multi-product ecosystem. The company, which

Hey FinTech Fanatic! Spendesk has officially launched Spendesk Financial Services, its licensed payment institution regulated by the Autorité de contrôle prudentiel et de résolution (ACPR) in France. The company has established a strategic collaboration with Visa and become a principal member of the Visa network for card issuing, enabling payment

Hey FinTech Fanatic! Bitcoin is taking a breather from its remarkable post-election rally, sliding below $93,000 as we witness an interesting shift in market dynamics. The largest cryptocurrency dipped as low as $91,433.54, marking a more than 2% decline, while the broader crypto market, measured by the

Hey FinTech Fanatic! Swedish FinTech giant Klarna is showing strong financial recovery, reporting a dramatically reduced pretax loss of just 2 million kronor ($180,000) in the first nine months of 2023 - a significant improvement from last year's 1.77 billion kronor loss. The Buy Now, Pay

Hey FinTech Fanatic! Coinbase is doubling down on payments with plans to grow through acquisitions and new revenue streams. The US's top crypto exchange recently snapped up Utopia Labs, a payments startup, and might pursue more deals to supercharge its offerings, says Shan Aggarwal, VP of Corporate Development

Hey FinTech Fanatic! A significant regulatory shift is reshaping the digital payments landscape as the Consumer Financial Protection Bureau (CFPB) extends its supervisory reach to major tech companies and FinTechs. The finalized rule will bring companies processing over 50 million transactions annually under the same regulatory scrutiny as traditional banks