Revolut faces penalties due to non-compliance with Italian financial regulations.

Highlights:

Italy fines Revolut €1.15 million for regulatory breaches. The fine addresses issues with customer verification processes. Revolut has pledged to improve compliance and oversight.

Italy has fined fintech firm Revolut €1.15 million for failing to comply with...

Drift takes precautionary measures following security breach affecting user funds.

Highlights:

Drift has suspended all deposits and withdrawals after a hack. The platform is working with security experts to assess the breach. Users are advised to monitor their accounts for unexpected activity.

DeFi platform Drift has halted all deposit and withdrawa...

The funding will enhance Cross River Bank’s financial technology services.

Highlights:

Cross River Bank has raised $50 million in new funding. The capital will support the bank’s expansion in fintech services. This funding boosts the bank’s strategic growth initiatives.

Cross River Bank has announced a successful capital raise of $50 million. This f...

Funding aims to strengthen cryptocurrency card services in the growing fintech market.

Highlights:

Kulipa raises $62M to enhance its stablecoin card issuing platform. Funding supports cryptocurrency payment solutions in the fintech sector. Investment bolsters Kulipa’s infrastructure for digital currency services.

Kulipa, a fintech startup specializi...

New tools aim to streamline resolution of payment disputes.

Highlights:

Visa introduces AI tools for payment dispute resolution. The new technology aims to simplify processes for merchants. Expected to improve efficiency in handling disputes.

Visa has announced the launch of AI-powered tools designed to enhance payment dispute resolution. These new ...