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FX Company CAB Payments Plans to Go Public
FX Company CAB Payments Plans to Go Public
June 08, 2023  |  IPO

CAB Payments Holdings plans to go public via an initial public offering (IPO) in London. The U.K. FinTech, which specializes in payments services and foreign exchange...

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EU Consumer Group: Social Networks Allowed Misleading Crypto Ads
EU Consumer Group: Social Networks Allowed Misleading Crypto Ads
June 08, 2023  |  Cryptocurrency

Europe’s consumer advocacy group says four leading social networks permitted misleading ads for cryptocurrency. That’s the subject of a complaint filed Thursday (June 8) against...

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B2B BNPL Provider Hokodo Acquires European Payments License
B2B BNPL Provider Hokodo Acquires European Payments License
June 08, 2023  |  B2B Payments

B2B buy now, pay later (BNPL) provider Hokodo has acquired a European payments license. With the new payments license, the firm can offer a broader...

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UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
June 07, 2023  |  Regulation

Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. That’s according to Great Britain’s Payment Systems Regulator (PSR) which on Wednesday (June...

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Wirecard Trial Testimony: Ex-CEO Said Compliance Was ‘Crap’
Wirecard Trial Testimony: Ex-CEO Said Compliance Was ‘Crap’
June 07, 2023  |  Legal

Former Wirecard CEO Markus Braun was apparently not a big fan of compliance. During court testimony Wednesday (June 8), a panel of judges in Braun’s...

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Payrails on Track to Expand After Raising $14.4 Million
Payrails on Track to Expand After Raising $14.4 Million
June 07, 2023  |  Investments

Germany’s Payrails has raised $14.4 million to help businesses streamline payment reconciliations and refunds. The Berlin-based startup, founded by a group of Delivery Hero veterans,...

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German Regulator: Meta Will Give Users More Account Freedom
German Regulator: Meta Will Give Users More Account Freedom
June 07, 2023  |  Meta

Germany’s cartel office, the Bundeskartellamt, said Meta Platforms will give users more oversight of their accounts. “Meta has announced plans to introduce a new accounts center,” the regular said...

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SVB UK New Owner: We’re Still in the Startup Business
SVB UK New Owner: We’re Still in the Startup Business
June 07, 2023  |  Banking

Silicon Valley Bank (SVB) UK’s new owner says the lender hasn’t lost its pro-startup philosophy. The bank, now owned by British banking giant HSBC, will...

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Stitch Fix Looks to Exit UK and Cut Back US Distribution
Stitch Fix Looks to Exit UK and Cut Back US Distribution
June 07, 2023  |  Retail

Stitch Fix is considering withdrawing from the British market as it rethinks its business. The online personal styling service said in an earnings announcement Tuesday (June 6) that...

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