PayPal to deposit $135m to tackle economic inequality in underserved communities
PayPal will deposit $135m into financial institutions and management funds to help underserved communities of colour fight economic inequality.
Bank identity checks could push close to a quarter to competitors, survey finds
A survey by FICO has found almost a quarter of UK-based respondents would move to a competitor if asked to visit branches or post documents when applying for an account.
Starling secures lender accreditation for UK Recovery Loan Scheme
Starling Bank has received accreditation by the British Business Bank to be a lender under the UK government-backed Recovery Loan Scheme (RLS).
FCA warns cryptocurrency companies are failing to meet UK AML requirements
The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.
Veriff unveils new AML product to aid regulatory compliance
Estonian identity verification firm Veriff has launched its new Anti Money Laundering (AML) compliance to aid companies in complying with AML regulations.
FinTech Pecunpay unveils digital payment innovation centre
Spanish FinTech Pecunpay has launched a new digital payments innovation centre named FINTANK.
MAS provides consultation response to credit bureau, reporting regulations
The Monetary Authority of Singapore (MAS) has issued a consultation response on draft regulations and notices relevant to licensed credit bureaus under the Credit Bureau Act 2016.
CSI eyes bolstered instant payments adoption through pilot program
Computer Services Inc (CSI) will participate in the FedNow pilot program with the aim of increasing the adoption of instant payments in the US.
MotoRefi secures Goldman Sachs backing in $45m Series B
US Auto FinTech MotoRefi has closed a $45m Series B round led by Goldman Sachs Asset Management’s Growth Equity team.
Biodiversity tool unveiled to help FIs manage extinction, ecological risk
A biodiversity module has been introduced to help financial institutions (FIs) explore to what extent their portfolios may impact species extinction and ecological integrity.
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