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Hey FinTech Fanatic! TD Bank is in hot water, slapped with a record $3 billion fine for failing to monitor drug cartel money laundering activities. The settlement includes a $1.3 billion penalty to the US Treasury’s FinCEN and a $1.8 billion payout to the Department of Justice

Hey FinTech Fanatic! Monzo’s valuation is on the rise, now hitting £4.5 billion, and it’s giving hundreds of its employees a chance to profit from the boom. The digital banking powerhouse announced a secondary share sale backed by some of the world's top tech investors.

Hey FinTech Fanatic! Revolut has officially announced its move to obtain a full banking license in Colombia. This move places them directly in competition with over 60 financial institutions, from industry giants like Bancolombia and Banco de Bogotá to digital disruptors like Nu. And they’re not stopping there – they&

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