Sign in Subscribe

Daily News

UK Financial Firms to Boost Generative AI Investment to 16% by 2025

UK Financial Firms to Boost Generative AI Investment to 16% by 2025

Hey FinTech Fanatic! UK financial services firms plan to increase their generative AI investment from 12% to 16% of technology budgets by 2025, according to new research from UK Finance and Accenture. The report reveals that 38% of financial institutions have developed comprehensive AI roadmaps for integration based on value,

KuCoin Faces U.S. Exit, $297M Fine After Legal Settlement

KuCoin Faces U.S. Exit, $297M Fine After Legal Settlement

Hey FinTech Fanatic! KuCoin's operator, Peken Global Limited, will exit the U.S. market for at least two years after pleading guilty to operating an unlicensed money transmitting business. The settlement includes a $297 million penalty, and founders Chun (Michael) Gan and Ke (Eric) Tang will step down

Bitpanda Becomes First Major Crypto Firm to Secure MiCAR License in Europe

Bitpanda Becomes First Major Crypto Firm to Secure MiCAR License in Europe

Hey FinTech Fanatic! Bitpanda has secured a MiCAR (Markets in Crypto-Assets Regulation) license from Germany's Federal Supervisory Authority (BaFin), making it the first major crypto company to do so. The company grew from 1 million users in 2019 to 6 million by December 2024, and will now operate

Nu Mexico Doubles Its Customer Base to 10 Million in Just One Year

Nu Mexico Doubles Its Customer Base to 10 Million in Just One Year

Hey FinTech Fanatic! Nu Mexico has hit a major milestone—reaching 10 million customers, doubling its base in the last year. Since launching in 2019, Nu has expanded from a simple credit card to a full suite of financial products, including savings accounts, debit cards, and personal loans, serving nearly

UK's Open Banking Preps for 2025 with Variable Recurring Payments Launch

UK's Open Banking Preps for 2025 with Variable Recurring Payments Launch

Hey FinTech Fanatic! The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have announced next steps for open banking in the UK, which now serves 11.7 million active users and processes 22.1 million monthly payments. Open Banking Limited will establish an independent central operator to coordinate variable

HSBC Shuts Down Zing International Payments App After Just One Year

HSBC Shuts Down Zing International Payments App After Just One Year

Hey FinTech Fanatic! HSBC is shutting down Zing, its international payments app, just one year after launch according to Financial News. The bank had developed Zing in early 2022 with initial plans to expand into the Netherlands followed by Singapore and the United Arab Emirates. According to a person familiar

Monzo’s Next Move: New York or London? What’s Your Bet? 👇

Monzo’s Next Move: New York or London? What’s Your Bet? 👇

Hey FinTech Fanatic! Monzo Bank is preparing for a potential IPO, with plans to be "IPO ready" by the end of this year, but faces internal discussions about the listing location. TS Anil, Chief Executive, is reportedly favoring a US listing, while the board prefers the London market