Yotta Technologies faces a $1 million fine for systematically misleading thousands of customers about FDIC insurance on their savings. The deceptive practices led to significant customer losses following a partner's bankruptcy.
The UK Parliament is set to introduce new legislation addressing two critical, yet often intertwined, issues: the persistent scourge of late payments and the ever-present specter of cyber threats. This move signals a significant regulatory push to create a more secure and reliable business environment.
Turns out crime doesn't pay. Especially when you're caught by the FCA after trying to exploit fintech. This money launderer learned that the hard way.
Quarterly fintech data, supposedly kept under wraps until official release, has been unceremoniously leaked. What does this sudden data dump reveal about the state of disruptive finance in early 2026?
London — The UK's Financial Conduct Authority (FCA) has delivered a stark assessment of the proposed Open Banking Entity, flagging significant regulatory and operational shortcomings. This isn't just bureaucratic nitpicking; it's a fundamental challenge to the entity's ability to foster true open banking.
The UK's financial regulator, the FCA, has rolled out its CREDO initiative for asset finance. We dig into whether this marks a genuine step forward for fintech or just another layer of expensive compliance.
Imagine 27 national regulators finally speaking the same language on SEPA payments. The EBA just made it real with a bold harmonization Decision.
Emails ping at dawn: preliminary bank charter approvals for fintechs. After years of drought, the gold rush is on—but the real mining starts now.
Imagine the UK's fintech party — and no one's showing up for the main event. Zero banking licence applications in 2025 signal deep trouble for London's ambitions.
Revolut's European dream hit a Roman wall. Italy just fined them €11.5 million for misleading customers on investments and banking.
A bank's core system glitches, spitting out compliance nightmares. Now the OCC is circling, and one consultant says it's time providers paid up.
Buy now pay later has reshaped consumer credit by offering interest-free installment plans at checkout. Understanding how BNPL works reveals both its appeal and its risks.