Sat.Oct 05, 2024

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FCA Investigation into Starling Bank Completed 3x Faster Than Cases in 2023 Results in £29mil Fine

The Fintech Times

Every financial organisation has a responsibility to ensure criminals are not abusing its services. The booming popularity of neobanks following the pandemic saw people, both good and bad, flock to them, however, one notable name has failed to tackle financial crime and as a result is now facing a hefty fine from the Financial Conduct Authority (FCA).

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UK Businesses Turn to MSPs as Part of ‘Complex Strategy’ as IT and Tech Skills Gap Widens

The Fintech Times

As much as four out of five UK businesses are currently struggling to source the talent they need to address their IT challenges, according to a new report from Hyve Managed Hosting , a managed cloud hosting provider. A new ‘ IT and Tech Skills Gap Report 2024 ‘ paints a less than promising picture when it comes to the supply of skilled IT and tech professionals in the UK.

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Keabank Unveils Synthetic Blockchain Neobank Model in a Move to ‘Set the Pace for Innovation’

The Fintech Times

Keabank , a Cyprus-based neobank, has integrated USD payment processing into its global infrastructure, as part of its commitment to blend traditional currency with blockchain solutions. Announced at IFX EXPO Cyprus 2024, Keabank revealed that by incorporating USD payment processing into its services, it will enable businesses and individuals to manage both fiat and crypto transactions in one unified platform.