Inaccurate data was shared from 3,284 customers' profiles to credit reference agencies, which may have led to refusal for mortgages, credit cards or loans, or customers being granted too much credit, that they were unable to afford.
The social media platform formerly known as Twitter received approval for payments services from Pennsylvania, building on Musk's ambitions of transforming X into an “everything app” where users can conduct their “entire financial life” on the app.
Brazil-based EBANX has integrated Botón Bancolombia by Bancolombia into its portfolio of payment methods to simplify cross-border digital commerce in Colombia
Paysera Georgia, a member of the Paysera Group, has commenced operations with the opening of its inaugural bank branch in Tbilisi. Having obtained a banking license in Georgia last year, the company is poised to provide a diverse range of financial services to the local community.
Open banking and Embedded Finance platform, FutureBank, has announced a partnership with leading global issuer-processor, Paymentology, to provide banks and fintechs with streamlined integration to modern card issuing and processing technology, enabling instant issuance of virtual cards.