Fintech | FinTelegram News

Category: Fintech

Crypto Payments

April 1, 2025

Racing into Controversy? CoinsPaid Shifts Gears with Barrichello Sponsorship Amid Regulatory Scrutiny

CryptoProcessing by CoinsPaid has launched a new motorsport sponsorship campaign with racing prodigies Eduardo and Fernando Barrichello. But behind the glossy Web3 marketing lies a history of regulatory red flags and allegations of facilitating illicit payments. As FinTelegram has repeatedly reported, CoinsPaid is far from a neutral fintech innovator.

March 31, 2025

MoneynetInt – The Shadow Banker of the Binary Options Era Still Haunts the System

MoneynetInt, a FCA-licensed EMI with roots deep in Israel's high-risk payment sector, continues to draw scrutiny years after the binary options ban. Once a major facilitator in the fraudulent binary options industry, MoneynetInt's financials, connections, and questionable reputation-cleaning efforts warrant renewed attention.

Fintech

December 19, 2024

Klarpay AG Becomes Bivial AG – A Bold Step in Digital Finance

Klarpay AG has officially rebranded as Bivial AG, marking a strategic pivot to expand its role as a global leader in financial solutions for digital businesses. The transformation reflects a shift from corporate payments to comprehensive treasury services, signaling the company’s ambition to redefine business finance in a digital-first era. Cyprus-based Payabl has financially backed Klarpay.

Fintech

December 17, 2024

Klarna Tightens Security with Employee Drug Tests Ahead of Planned IPO

If there was any additional proof needed of the commonplace nature of drugs in the everyday lives of Generation Z: Swedish fintech giant Klarna will introduce alcohol and drug testing for employees in Sweden starting January 2025. The move, part of a broader security initiative, comes as Klarna prepares for its highly anticipated IPO in the United States.

November 22, 2024

Investor Briefing: Amazon’s Strategic Investment in Anthropic: A $4 Billion Boost to AI Ambitions!

Amazon has announced an additional $4 billion investment in artificial intelligence startup Anthropic, bringing its total investment to $8 billion. This move significantly strengthens Amazon's position in the rapidly evolving AI sector and highlights the company's commitment to advancing its AI capabilities. Anthropic's Claude competes with OpenAI's ChatGPT and Google's Gemini.

FCA
Fintech

November 19, 2024

Revolut Hits 50M Customers Milestone, Eyes Global Banking Domination

TThe UK-based fintech giant Revolut celebrates reaching 50 million global customers, solidifying its position as a fintech powerhouse. This remarkable growth includes 10 million new customers registered in 2024 alone, demonstrating the company's rapid expansion. In Italy, Revolut has approximately 2 million users and plans to inaugurate a new branch by the end of the year.

November 13, 2024

Swedish Buy-now pay-later giant Klarna files for IPO in the US!

Klarna, the Swedish buy now, pay later (BNPL) giant, has officially filed for an initial public offering (IPO) in the United States. The fintech company confidentially submitted the relevant paperwork to the U.S. Securities and Exchange Commission (SEC), it said last night. Allegedly, the firm was in talks with banks about a New York IPO and was targeting a $20bn price tag.

October 31, 2024

Comprehensive Analysis Report on CoinsPaid and CryptoProcessing: Latest Numbers and Massive Anonymous Attacks!

The CoinsPaid operates through a number of legal entities in different jurisdictions. The official beneficial owners are the Austrian Alexander Horst Riedinger and the Ukrainian Max Krupyshev. Most recently, its CryptoProcessing reported that it had processed €2.230 billion in Q3 2024 as the leading crypto payment processor. The CoinsPaid group is at the center of serious accusations that are anonymously made on the web.

October 21, 2024

Payment Giant Stripe Acquires Stablecoin Issuer Bridge!

Stripe, the global payments giant, is reportedly in advanced talks to acquire Bridge, a fintech startup specializing in stablecoin transactions. This potential acquisition marks a significant move for Stripe in expanding its presence in the digital currency and blockchain technology space. “This deal is done. $1.1b,” TechCrunch founder Michael Arrington wrote in an Oct. 20 X post. Arrington did not elaborate.

Fintech

October 11, 2024

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

October 5, 2024

OpenAI Closes $6.6 Billion Funding at $157 Billion Valuation, Nearly Doubling its Valuation!

The AI pioneer OpenAI under Sam Altman closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation. OpenAI’s $157 billion valuation underscores its AI dominance, yet losses loom large. Will Thrive Capital, Microsoft, and Nvidia’s backing help steer the ship through the challenges ahead? Stay tuned for more.

October 2, 2024

Starling Bank Slammed with £29M Fine for ‘Shockingly Lax’ AML Controls, Exposing UK Financial System to Criminals!

The UK neobank Starling Bank has been fined £29 million by the UK FCA for opening accounts for high-risk customers and failing to screen against full sanctions lists. Its rapid expansion outpaced its compliance measures, leaving significant gaps in its AML framework. Starling grew from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace with its growth.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.