Global

Cleo AI Agrees to $17 Million Settlement in FTC ‘Fast Money’ Case

Online cash advance provider Cleo AI has reached a $17 million settlement with the Federal Trade Commission (FTC) following allegations that the company ...

By Regtech Africa5 days ago0

Nigeria

Nigeria: House of Representatives Affirms Financial Reporting Council Act Remains in Effect

The House of Representatives has reaffirmed that the Financial Reporting Council (FRC) Act, 2023 remains legally binding and operational unless amended through the ...

By Regtech Africa5 days ago0

Innovation

Nigeria: NDIC Advocates Early Financial Education to Empower Nigerian Youth

The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for early financial literacy among Nigerian youth, aiming to equip them with essential ...

By Regtech Africa5 days ago0

Fintech

Nigeria: PalmPay Introduces Verve Debit Cards Amid Nigerian Fintech Shift to Local Payment Solutions

PalmPay, one of Nigeria’s leading fintech platforms with over 35 million users, has launched its first debit card in partnership with Verve. This ...

By Regtech Africa5 days ago0

Africa

Ripple and Chipper Cash Partner to Revolutionize Crypto-Powered Payments in Africa

Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a strategic partnership with Chipper Cash to enhance cross-border payments ...

By Regtech Africa5 days ago0

Africa

Zap Africa Threatens Legal Action Against Paystack Over “Zap” Brand Name Dispute

A legal standoff is unfolding between cryptocurrency exchange Zap Africa and fintech giant Paystack over the use of the name “Zap.” The dispute ...

By Regtech Africa5 days ago0

Africa

West Africa’s Start-Up Funding Boom: Nigeria’s Dominance and the Region’s Shifting Landscape

Since 2019, West Africa has emerged as a powerhouse in Africa’s start-up ecosystem, attracting $5.8 billion in funding—36% of the continent’s total, making ...

By Regtech Africa5 days ago0

Global

Global: Standard Chartered Rolls Out Generative AI Tool Globally

Standard Chartered has launched a Generative AI-powered tool, SC GPT, across 41 markets, enabling over 70,000 employees to enhance operational efficiency and client ...

By Regtech Africa5 days ago0

Global

Global: CFPB to Revoke BNPL Rule Amid Legal Challenge

The Consumer Financial Protection Bureau (CFPB) is set to reverse its stance on Buy Now, Pay Later (BNPL) regulations, retracting an interpretive rule ...

By Regtech Africa5 days ago0

Fintech

Global: Visa and Extend Partner to Expand Virtual Card Solutions for Middle-Market Businesses

Visa has entered into a referral agreement with virtual card and spend management platform Extend, aiming to enhance digital payment solutions for emerging ...

By Regtech Africa5 days ago0