Revolut Criticizes Meta for Weak Fraud Response, Calls for Victim Compensation
Revolut has called out Meta for failing to adequately address fraud on its platforms, urging the tech giant to compensate scam victims.
October 04, 2024FinTech
FCA Fines Starling Bank £29M (US$35M) for Lapses in Financial Crime Controls
The FCA has fined Starling Bank US$35M for serious failings in its financial crime systems, including breaches in anti-money laundering and sanctions screening. The bank opened over 54,000 accounts for high-risk customers and failed to properly screen against financial sanctions since 2017.
October 03, 2024
Driving Financial Empowerment: inDrive Money Launches in Colombia, Supporting Gig Workers with Flexible Financing
inDrive launches its first financial product in Colombia, offering gig economy workers flexible income-based loans through inDrive Money. This new initiative aims to promote financial inclusion and empower drivers to manage their finances more easily.
October 01, 2024