Genesis owes over $3bn in debt, as DCG seeks funding – report
Cryptocurrency brokerage Genesis reportedly owes creditors over $3bn, which is prompting its owner, Digital Currency Group (DCG), to sell assets in its venture portfolio to raise money.
What 2023 will mean for FinTech
Last year was quite the rollercoaster. As 2023 kicks off, what will the biggest developments and trends will be? Here is a look at some of those.
Stripe sees valuation cut by 11%
Stripe, the US-based PayTech giant, has reportedly seen its valuation cut by 11% and now sits at $63bn.
EBA publishes review on payment services directive authorisation
The European Banking Authority (EBA) has published its peer review on authorisation of payment institutions and e-money under the revised PSD2.
Insurer Vouch acquires lending startup Level
Vouch, an insurance provider re-thinking business insurance for the technology industry, has acquired lending startup Level and its team of engineers.
NSA director calls on Congress to renew intel licenses in light of cyberattacks
National Security Agency (NSA) director Paul Nakasone has said that intelligence authorities up for renewal this year have played a key role in the fight against cyberattacks.
ZestyAI joins forces with CSAA Insurance for wildfire risk assessment
ZestyAI, a provider of climate and property risk analytics solutions, has partnered with CSAA Insurance Group for wildfire risk assessment.
ATM withdrawals on the rise again, Nationwide finds
Nationwide Building Society claims it has recorded the first rise in ATM withdrawals for 13 years as physical money makes a return in respond to the cost-of-living crisis.
FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
The ESAs publish 12 good practices for financial education
The three European Supervisory Authorities (ESAs) have published a joint thematic report on national financial education initiatives on digitalisation.
© FinTech Global © Copyright 2024. All rights reserved.
