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A fintech investor has filed a proposed class action lawsuit against Future FinTech Group Inc. and its executives, alleging that they orchestrated a stock price inflation scheme. The investor claims that the

TLDR: Researchers at the Federal Reserve Bank of New York have found that local preferences for inequality impact bank lending to ethnic minorities in the US. The study revealed that if stakeholders

TLDR: Google Wallet has expanded support for over 40 new banks and credit unions, as well as adding support for Venmo cards. The new additions include mainly local banks and credit unions,

In this article, titled “A Banker’s Case for Public Banking,” Malia Lazu argues that public banking is crucial for closing the racial wealth gap in the United States. Lazu presents public banks,

TLDR: Rishi Khosla, CEO of OakNorth, shared key insights on the future of fintech at the #DavosBrainstorm2024 event. He discussed topics such as the evolution of fintech super apps, funding trends, high

TLDR: Pogust Goodhead has launched My Finance Claim to hold UK lenders accountable for the alleged mis-selling of car loans between 2010 and 2021. The Financial Conduct Authority (FCA) found extensive evidence

Foxquilt, a leading North American insurtech company, has announced a strategic collaboration with global specialty insurance provider Markel. The collaboration aims to enhance embedded insurance innovation for small business owners, agents/brokers, and

TLDR: Nepal-based commercial bank, Kumari Bank, has chosen Compass Plus Technologies as its new payments processor. The bank has selected Compass Plus to overcome the limitations of its previous processing solution and

South Street Securities Holdings has successfully completed its acquisition of GX2 Systems, including its subsidiary GX2 Spread Markets. Through this acquisition, South Street aims to enhance its technology-enabled multi-asset class securities financing,

In December 2023, the Federal Deposit Insurance Corporation (FDIC) finalized amendments to its rules on official FDIC signage, bank advertisements, deposit insurance misrepresentations, and the misuse of the FDIC’s name or logos