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Revolut is Now Applying for a Banking License in Colombia

Revolut is Now Applying for a Banking License in Colombia

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&

FTX Approved to Repay Billions After Bankruptcy Plan

FTX Approved to Repay Billions After Bankruptcy Plan

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

UAE Makes Crypto Transactions VAT-Free

UAE Makes Crypto Transactions VAT-Free

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&

TrueLayer Lands $50M to Power Pay-by-Bank Growth

TrueLayer Lands $50M to Power Pay-by-Bank Growth

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.

Revolut Calls Out Meta, Demands Scam Victim Compensation

Revolut Calls Out Meta, Demands Scam Victim Compensation

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

FCA Fines Starling Bank £29M for Financial Crime Failings

FCA Fines Starling Bank £29M for Financial Crime Failings

Hey FinTech Fanatic! Starling Bank has been hit with a £28.9 million fine by the Financial Conduct Authority (FCA) for serious failings in its financial crime systems. Despite its explosive growth—surging from 43,000 customers in 2017 to 3.6 million in 2023—Starling’s controls on financial

Robinhood Expands Overseas, Rolling Out Crypto Transfers Across Europe

Robinhood Expands Overseas, Rolling Out Crypto Transfers Across Europe

Hey FinTech Fanatic! Robinhood is making waves in the European market with a major update: customers in the European Union can now transfer cryptocurrencies in and out of the platform. Announced on Tuesday, this expansion allows users to deposit and withdraw over 20 digital assets, including Bitcoin, Ethereum, Solana, and