LendUp fined $3.6m for dodgy loans
Payday loans startup LendUp is being made to pay $3.6m by the Consumer Financial Protection Bureau for widespread violation of payday and instalment laws.
Octopus Labs announces first FinTech accelerator cohort
FinTech accelerator Octopus Labs has announced the first five startups that will join its first programme this summer.
Challenger bank OakNorth hits profitability in first year
Entrepreneur-focused challenger bank OakNorth is proving just how big an impact these digital-only alternatives could have on traditional banking by breaking even in its first year on the market.
Singapore and Switzerland shake hands for FinTech cooperation
Singapore and Switzerland are teaming up to boost their respective FinTech sectors.
WestPac leverages DataRepublic for exchange platform
Australian bank Westpac is making use of its investment in DataRepublic, with the launch of a new service allowing corporate clients to store and exchange anonymised customer data.
Four major banks partner to push blockchain transactions
Four of the world’s largest banks are partnering to develop a digital currency with the aim of creating an industry standard for blockchain-enabled trades and transactions.
BBVA says EU bonus cap holds back tech talent acquisitions
Spanish bank BBVA is complaining to the European Commission, expressing its concerns that regulation pertaining to EU caps on bankers' bonuses are damaging its ability to attract tech talent.
BluePay taps CardFlight for mobile EMV solution
US payment processing firm BluePay is partnering with New York startup CardFlight to bring its EMV mobile point-of-sale (POS) solution to clients.
Square Capital expands beyond payments customers
Square is expanding its loans offering to small businesses outside of its payments processing ecosystem.
CloudPay partners with Ramco for multinational payrolls
CloudPay is partnering with Indian enterprise software maker Ramco Systems to bring cloud-based payroll systems to more multinational organisations.
