Regulators issue joint warning on banking and fintech risks

In a joint statement, the Federal Deposit Insurance Corp., the Federal Reserve Board and the Office of the Comptroller of the Currency warned that end users...

FinTech IPO Index Drops 2% Despite New Initiatives

Only one name in the FinTech IPO Index posted earnings this week, while the overall group is down 1.95% over the past five days. Among the...

Global financing for financial services has slowed over the past 5 quarters

Over the past five quarters, global lending to private companies in the financial services sector, a major investment sector, has slowed sharply. In the second quarter...

MNT-Halan Expands in Türkiye with 100% Acquisition of Market-Leading Financial Firm Tam Finans

MNT-HalanEgypt’s largest non-banking financial institution and fintech, has acquired Tam Financeone of the leading commercial finance companies in Turkey with a loan portfolio exceeding USD 300...

FDIC, Two Other Regulators Request Information on Bank-Fintech Ties

THE Federal Deposit Insurance Corporation and two other major U.S. banking regulators want more information about the relationships between lenders and financial technology companies. The FDIC,...

DeFi Exchange dYdX v3 Website Hacked in DNS Hijacking Attack

Decentralized finance (DeFi) cryptocurrency exchange dYdX announced Tuesday that the website of its legacy v3 trading platform has been compromised. dYdX also warned users not to...

“THE WAIT IS ALMOST OVER! The Banana Zone is finally here” – Raoul Pal

Revolut finally gets UK banking license

After a three-year wait, Revolution obtained a banking license in his home country. British FinTech announced The licence, with restrictions, was granted on Thursday (July 25)...

Egypt’s MNT-Halan Cashes in $157.5M, Absorbs Turkish Fintech to Expand

MNT-Halanan Egyptian fintech unicorn, is on the road to consolidation. The microfinance and payments startup has raised $157.5 million in funding and is using the money...

Synapse’s collapse is another warning about unregulated financial technology

The opinions expressed by contributors are their own and do not represent the views of The Hill by Thomas P. Vartanian, Opinion Contributor 7/25/24 12:00 PM...