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Klarna CEO Questions Role of Swedish Financial Regulator After Being Fined

Klarna CEO Questions Role of Swedish Financial Regulator After Being Fined

Hey FinTech Fanatic! Klarna has decided not to appeal its $50M fine from the Swedish financial regulator (FI) for anti-money laundering rule breaches, but their CEO is raising questions about regulatory oversight. Sebastian Siemiatkowski, Klarna CEO and co-founder, highlighted the challenges in interpreting compliance requirements, stating the company had actively

Coinbase Acquires BUX Cyprus, Rebrands as Coinbase Financial Services Europe

Coinbase Acquires BUX Cyprus, Rebrands as Coinbase Financial Services Europe

Happy New Year, FinTech Fanatic! Coinbase has expanded its European footprint by acquiring BUX's Cyprus unit and rebranding it as Coinbase Financial Services Europe. The strategic move gives the cryptocurrency exchange a Cyprus Investment Firm (CIF) license, enabling them to offer CFDs and passport their services across the

A Personal Note to Close 2024 + Looking for FinTech Running Club Organizers

A Personal Note to Close 2024 + Looking for FinTech Running Club Organizers

Hey FinTech Fanatic, This will be our final newsletter of 2024—thank you for being an active part of this community! We’ll be back with fresh FinTech updates & reports on Monday, January 6th. Today, instead of news, I want to share something personal that might resonate with you.

Visa Acquires Featurespace in £700M Deal

Visa Acquires Featurespace in £700M Deal

Hey FinTech Fanatic! Visa has completed its acquisition of Featurespace, a developer of real-time AI payments protection technology. The acquired company's capabilities will be integrated into Visa's range of fraud prevention and risk-scoring offerings, combining both companies' products and tools to enhance fraud protection services.

Remote Teams Up with Stripe for Instant, Secure Global Contractor Payments via USDC

Remote Teams Up with Stripe for Instant, Secure Global Contractor Payments via USDC

Hey FinTech Fanatic! Remote, a global HR platform operating in 200+ countries, has launched stablecoin payouts for contractors through USDC integration. US-based companies can now pay contractors in nearly 70 countries using this new feature, which operates via the Base Network through Stripe Connect. The platform aims to address common

How Well Do You Know FinTech? Test Your Skills Now!

How Well Do You Know FinTech? Test Your Skills Now!

Hey FinTech Fanatic! The stablecoin sector is making headlines with three significant developments today. BVNK, a U.K.-based stablecoin infrastructure company, has secured a $50 million Series B funding round led by Haun Ventures, with participation from Coinbase Ventures and Tiger Global, valuing the company at $750 million. Ripple

Bitpanda Secures VARA Approval to Enter UAE Market

Bitpanda Secures VARA Approval to Enter UAE Market

Hey FinTech Fanatic! Bitpanda, Europe's leading crypto platform, has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai, marking its first expansion beyond Europe. The approval, secured in under 8 months from submission, will enable the company to operate as Bitpanda Broker MENA DMCC in