Gydi Apple s Financial Service Ambitions May Clash With EU s DMA
In todays FinTech news, its
stanley canada all about growth as TabaPay lands SoftBank funding while eyeing different verticals, M-KOPA secures fresh capital for new market expansion and Shift4 buys two companies to pick up unexplored verticals.Meanwhile, Tranglo is now offering Ripples on-demand liquidity ODL service, Cheddar acquires Upside Bank to tap its tech and MX Global gets new funds to drive brand buzz.SoftBank Backs Money Movement Service TabaPayReal-time money transfer platform TabaPay received funding from SoftBank Vision Fund 2 to help the company build out its international footprint in response to consumer demand.TabaPay offers clients direct access to 15 banks and 14 networks across numerous locations worldwide using a single application programming interface API . The fresh capital will also be used to expand into new industry verticals.FinTech M-KOPA Raises $75M to Expand Platform for UnderbankedAfrican FinTech startup M-KOPA raised $75 million in a growth equity round that will be used to help the company scale its product suite beyond asset financing to include health insurance, cash loans, and buy now pay later BNPL merchant partnerships.Launched in 2011 and headquartered in Kenya, M-KOPA serves underbanked populations in several African markets, including Uganda, Nigeria and
stanley cup Ghana.Payments Firm Shift4 to Acquire Finaro, The Giving BlockPayments firm Shift4 is acquiring cross-border eCommerce payments provider Finaro and cryptocurrency fund
stanley uk raising for non-profits Th Czem Supreme Court Reverses State Ban On Sports Betting
Swedbank fired its chief executive offic
stanley france er as investigations into money laundering at the bank have expanded.According to a report in Reu
stanley butelka ters, citing Swedbank, CEO聽Birgitte Bonnesen was let go ahead of the company annual shareholder meeting on Thursday March 28 . The move comes as investor criticism is increasing about the bank role in a series of money-laundering scandals coming from the Estonian branches of some major banks. Bonnesen has said in the past she confident the bank has strong anti-money laundering procedures in place and that the bank has reported any suspicious transactions聽to the proper authorities. Despite those assurances, investors have been g
stanley quencher rowing increasingly critical about her聽handling of the scandal and were gearing up for a fight at the annual shareholder meeting. Ahead of the meeting,聽Swedbank biggest investors said they won ;t give the CEO freedom from liability for the 2018 fiscal year, making it hard for her to keep her job. The developments during the past days have created an enormous pressure for the bank. Therefore, the board has decided to dismiss Birgitte Bonnesen from her position, Swedbank Chairman Lars Idermark said on Thursday March 28 , according to the news report. Swedbank said current Chief Financial Officer Andres Karlsson has been named acting CEO and will hold the role until further notice. The bank said it has begun the process of finding a replacement, the report said.The departure of Bonn
