Federal Grand Jury Investigates Synapse’s Bankruptcy and Missing Customer Funds
Federal prosecutors are investigating Synapse’s bankruptcy and missing customer funds. Disputes between Synapse and its banking partners complicate accountability for…
Federal Reserve Governor Urges Banking Regulations to Support Innovation
Bowman emphasized that banking regulations should not hinder innovation and competitiveness. She raised concerns about supervisory ratings prioritizing non-core risks…
Moneyhub Shuts Down Consumer App and Cuts Jobs to Focus on B2B Services
Moneyhub is shutting down its consumer app to focus on B2B services. The restructuring includes layoffs, with reports indicating around…
Monzo’s COO Sujata Bhatia Resigns After Five Years
Monzo COO Sujata Bhatia is leaving the company after five years. Monzo has grown to 10 million customers and plans…
Mundi Secures $2.5M to Expand Financial Services for Turkish SMEs
Mundi raised $2.5M to expand financial services for Turkish SMEs. The company provides cross-border trade solutions, including free virtual accounts…
Investor Cuts Pleo Valuation by 26%, Reflecting Fintech Challenges
Pleo’s valuation dropped 26% year-on-year, reflecting an implied valuation of $1.62 billion. Kinnevik cited profitability measures and planned investment in…
United Fintech Acquires Commercial Banking Applications to Expand Digital Ecosystem
United Fintech acquires Norway-based CBA in its largest deal to date. CBA brings API-driven trade finance and payment tools to…
Santander’s US Digital Bank Surpasses $2 Billion in Deposits Within Months
Santander's Openbank reached $2 billion in deposits four months post-launch. The platform plans to expand services, including CDs and checking…
Cross-Border Payments Gain Speed and Transparency with Digital Advancements
Cross-border payments now offer faster, more secure, and transparent solutions for businesses. FNBO uses Swift GPI to improve transaction tracking…
AI and Automation Reshape Corporate Finance Strategies
Corporate finance adopts AI and automation to improve efficiency and decision-making. FinTech evolves into a strategic enabler, addressing B2B inefficiencies…
