Regulation News
Brazillian digital banking behemoth Nubank has reached 100 million customers on its home turf, capturing 57% of the adult population in the country.
The UK's Financial Conduct Authority has fined Metro Bank £16.7 million for financial crime failings after a new transaction monitoring system implemented in 2016 went on the blink.
The fastest growing scams of 2024 have been uncovered in a new study by NatWest which reveals 42% of British adults have been targeted by a scam in the last 12 months.
Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for violation of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).
PNC Bank is to invest a further $500 million in its coast-to-coast branch banking network in the US, adding an additional 100 new locations and revovation of 200 existing sites.
German Banking-as-a-Service company Solaris has sold its Engage business from Contis to UK alternative banking provider Suits Me.
