Visa-Backed Branch International Executes Staff Reductions in Africa
Branch International to cut workforce in Kenya and Nigeria, focusing on efficiency. The company reassures financial stability, reporting $30 million…
Lawmakers Tackle Bank-FinTech Collaborations in Oversight Discussions
House hearing explored bank-FinTech partnerships amid rapid tech advancement. Witnesses discussed potential and regulatory challenges of these collaborations. Ensuring accountability…
RemotePass Secures Significant Investment to Bolster Global Expansion Efforts
RemotePass gains $17.4M in funding, led by EBRD Venture Capital. Series B funds aim to expand its reach across Europe…
White House Encourages Fresh Review of FinTech Regulations
White House aims to modernize FinTech-related financial regulations. Executive order prompts Federal Reserve to reassess access frameworks. Initiative could lower…
Companies Struggle to Scale AI Due to Operational Barriers
Increased AI budgets exist, but scaling remains a challenge across sectors. Operational infrastructure, not technology, poses the primary barrier to…
Monzo Gains Three Million Customers, Boosts Revenue by 39%
Monzo recorded a 39% revenue increase, reaching £1.7 billion this year. Three million new customers helped boost Monzo's profits to…
Fiserv Offloads ATM Management to Bridgeport Partners in New Venture
Fiserv and Bridgeport Partners form a joint venture for cash operations. The transaction includes Fiserv’s ATM Managed Services and MoneyPass…
Bitcoin Depot Declares Bankruptcy as Regulatory Pressure Mounts
Bitcoin Depot files for bankruptcy, plans asset sell-off. Increasing regulations and fraud challenges pressure crypto ATM operations. Industry debates on…
Revolut Motivates Employees with £1,000 Incentive for Business Banking Growth
Revolut offers £1,000 to employees bringing new business clients.Company aims to expand business banking in new markets by 2027.IPO might…
Bunq Pursues Mexican Market with New Banking License Application
Bunq seeks a banking license in Mexico. The move targets global citizens in Mexican markets. Bunq expands its footprint from…
