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Stories published on May 22
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  • Stories published on May 22

Wednesday, May 22

00

Fintech nightmare: 'I have nearly $38,000 tied up' after Synapse bankruptcy

www.cnbc.com

Synapse is a middle man between customer-facing fintech brands and FDIC-backed banks, but it has had disagreements about how much in customer balances it owed.

The collapse of a fintech firm with 10 million users has left many Americans without access to their money

www.nbcnews.com

A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents.

20

Traditional Banks vs Fintechs in Nigeria

blueprint.ng

The United Nations Sustainable Development Goals (SDGs) aim to transform our world. The 17 goals are a universal call to action to end poverty, protect the planet and improve the …

16

Summer Welcomes New Executives to Propel Growth in the Workplace Fintech Sector

www.prweb.com

Michelle Tran, former commercial leader at Vestwell, and Michael Scully, former product leader at Intuit Credit Karma, join leadership team to accelerate Summer's mission to simplify student loan and education assistance benefits NEW YORK,…

15

Ghana’s FINTECH Industry Making Giant Strides

newsghana.com.gh

News Ghana, Latest Updates and Breaking News of Ghana, Kwabena Adu Koranteng, https://newsghana.com.gh/ghanas-fintech-industry-making-giant-strides/The Financial Technology industry in Ghana continuous to rise above imagination as regards…

14

London fintech Curve apologises over terms of service error

www.standard.co.uk

The firm said it would not permit transactions blocked by underlying payment sources

Black Banx: Shaping the Future of Digital Wallets and Fintech Innovation

www.easterneye.biz

Since the start of the millennium, and especially in the last handful of years, digital wallets have emerged as pivotal… Continue reading Black Banx: Shaping the Future of Digital Wallets and Fintech Innovation

Yanmo Omorogbe Talks Building a Fintech Company on the Final Episode (S1) of “Business and Booze”

www.bellanaija.com

On the final episode of season 1 of “Business and Booze,” presented by Culture Custodian, host Koye ‘K10’ sits down with Yanmo Omorogbe, the co-founder and chief operating officer at Bamboo, a fintech company. A visionary entrepreneur…

11

Business News | Marwari Catalysts Invites Applications for Fintech, Sports Tech/Gaming, Religion Tech, AR/VR, and D2C

www.latestly.com

Get latest articles and stories on Business at LatestLY. Jodhpur (Rajasthan) [India], May 22: Apply now to accelerate your journey towards success with Marwari Catalysts and secure funding ranging from 25 lakhs up to 1 crore. With a keen…

09

Our plans for fintechs – CBN

www.vanguardngr.com

Cardoso stated that despite the increase in regulatory guidelines for the sector, no Fintech has had its licence revoked by the CBN.

05

Nigerian startup wins at fintech summit in Washington

guardian.ng

Regfyl, a startup specialising in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, emerged as the winner at the Africa Fintech Summit Pitch Competition held recently in Washington D.C.

Tuesday, May 21

23

JanOne set to acquire leading blockchain fintech provider

www.killerstartups.com

JanOne Inc. has announced intentions to acquire a leading blockchain financial tech provider. The deal, set for closure by May 13, 2024, riding upon regulatory compliance and prerequisites, could potentially position JanOne Inc. as a…

Teen fintech Copper had to abruptly discontinue its banking, debit products

techcrunch.com

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be…

21

CFPB Brings Lawsuit Against FinTech Company for its Alleged Deceptive Practices and for Allegedly Misrepresenting the Costs of its Loans.

www.jdsupra.com

On May 17, 2024, the CFPB filed a lawsuit in the U.S. District Court for the Central District of California against a financial technology company for violations of the CFPA and FCRA.... By: Hudson Cook, LLP

CBN: Cardoso reveals position on revoking licenses of Moniepoint, Opay, other fintech banks

dailypost.ng

The governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the apex bank has not revoked the licenses of Moniepoint, Opay, and other fintech banks operating in Nigeria. Cardoso disclosed this in a communiqué from Tuesday’s…

20

There’s a real appetite for a fintech alternative to QuickBooks

techcrunch.com

Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a roundup of TechCrunch’s biggest and most important fintech…

16

Marqeta, MoneyLion and Verituity: Adapting to the fintech downturn

www.americanbanker.com

These three payment firms are working to grow revenue by pivoting to new markets and technologies, all while waiting for a turnaround in the industry.

11

UP Fintech Holding Limited to Report First Quarter 2024 Financial Results on June 5, 2024

www.benzinga.com

UP Fintech's management will hold an earnings conference call at 8:00 AM on June 5, 2024, U.S. Eastern Time (8:00 PM on June 5, 2024, Singapore/Hong Kong Time).

06

Nigeria’s Regfyl Wins at Africa Fintech Pitch in Washington D.C.

www.thisdaylive.com

Emma Okonji Regfyl, a startup specialising in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, has emerged as the winner at the Africa Fintech Summit Pitch held recently in Washington