Zilch secures consumer lending authorisation from British watchdog
London-based buy now, pay later (BNPL) fintech startup Zilch has received consumer lending license from the UK Financial Conduct Authority…
Consumer lending company Oportun applies for US bank charter
Oportun Financial Corporation (OFC) has applied for a national bank charter in the US with banking watchdog the Office of the Comptroller of the Currency (OCC). Oportun is seeking a…
24 Nov 2020
India paves way for corporates to establish own banks
A committee at the Reserve Bank of India (RBI), the country’s central bank, has proposed a series of changes to revamp the country’s banking sector. The changes allow industrial conglomerates…
23 Nov 2020
Blockchain fintech Figure Technologies applies for bank charter in US
US-based blockchain technology company Figure Technologies has applied for a national bank charter from the US Office of the Comptroller of the Currency (OCC). Figure aims to offer a suite…
09 Nov 2020
Coronavirus timeline: how has it affected financial services?
Here is the definitive timeline exploring coronavirus (COVID-19) from its initial outbreak to today, taking a precise look on its effects on financial services. November 9 HSBC and Young Money…
02 Nov 2020
Westpac lands record AML fine of $1.3bn
Westpac is to pay an AML fine of A$1.3bn ($916m), the largest ever penalty in Australian corporate history. The fine relates to Westpac breaching anti-money laundering laws and failing to…
24 Sep 2020
India’s PMC approaches major banks for possible merger
Punjab and Maharashtra Co-operative Bank (PMC), a fraud-hit lender is looking for a merger opportunity after failing to recover funds from a big defaulter amid the Covid-19 pandemic, Reuters reported.…
17 Sep 2020