The UK’s Financial Conduct Authority confirms its plan to protect access to cash for consumers and small businesses. Banks and building societies will need “to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new FCA rules.”. From...

UK’s FCA Confirms Plan to Protect Access to Cash for Consumers and Small Businesses

Revolut has finally won a UK banking licence, intensifying the neobank threat to traditional finance. The breakthrough ends a painful wait for Europe’s most valuable fintech firm, which first applied for a licence in January 2021. Regulators were reportedly concerned about Revolut’s accounts, but politicians offered vocal support. Jeremy...

Revolut wins UK banking license as neobanks take on the establishment

Revolut, the global fintech with over nine million UK customers and 45 million globally, has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA), the regulator responsible for overseeing the UK banking sector. Revolut now enters the ‘mobilisation’ stage, sometimes referred...

Revolut Receives UK Banking Licence

OneBanx, a shared banking solution provider and GLORY Group company, has introduced its latest innovation: the Instant Deposit Service for Businesses. This pioneering solution is designed to meet the cash management needs of small businesses in areas lacking traditional bank branches. Revolutionize the Deposit Experience. The Instant Deposit Service aims...

OneBanx Unveils the Most Advanced Business Deposit Solution in the Market

CoinDesk

Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.

Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

How customers are driving an embedded lending revolution. In another edition of Mambu’s Banking Insights for Growth, David Ruis from Deloitte, Nathalie Werleman from Backbase, and Rashmi Sharma from Mambu discuss the big shifts happening in the lending space, driven by customer demand for speed and personalization. The competition...

This Is The Lending Landscape | Mambu’s Banking Insights for Growth

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

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NewsByJoshua

Redbox, the iconic movie rental company with over 34,000 locations nationwide, has announced the closure of its operations following its parent company's filing for Chapter 11 bankruptcy. This decision has left many of its loyal users saddened, marking the end of an era for physical media enthusiasts.

A rental company with 34,000 locations has closed its doors

North Carolina State

Town Talks

North Carolina’s beloved Biscuitville has once again been recognized as one of the best regional fast food chains in the United States. In USA Today's annual 10 Best Readers’ Choice Awards, Biscuitville ranked second overall and was also named the No. 1 best fast food breakfast spot in the country.

North Carolina is home to one of the best regional fast food chains in America

Missouri State

JEFFERSON CITY, Mo. -- As state treasurer, Vivek Malek pushed Missouri's main retirement system to pull its investments from Chinese companies, making Missouri among the first nationally to do so. Now Malek is touting the Chinese divestment as he seeks reelection in an Aug. 6 Republican primary against challengers who also are denouncing financial connections to China.

Amid tensions with China, some US states are purging Chinese companies from their investments

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Louisiana State

Conn’s Inc., a prominent home improvement retailer based in Texas, is grappling with the possibility of filing for Chapter 11 bankruptcy as it contends with dwindling sales amidst rising inflation, according to reports.

Massive home improvement retailer on brink of bankruptcy

Kentucky State

Northern Kentucky Tribune

Republican Secretary of State Michael Adams has been chosen by his peers in the National Association of Secretaries of State (NASS) to co-chair its Elections Committee, along with Democratic Secretary of State Gregg Amore of Rhode Island, it was announced on Friday.

KY Secretary of State Michael Adams named co-chair of National Association of Secretaries of State

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

FARNBOROUGH, England (Reuters) - A U.S. move to slash restrictions on transferring military gear and technology with Britain and Australia will bolster the AUKUS security alliance between the three countries, and there is more to come, government and industry officials told the Farnborough Airshow. AUKUS, formed in 2021 to address...

US Move to Boost Security Alliance With UK, Australia Just the Start, Officials Say

Grants Pass, OR

CALIFORNIA – Governor Gavin Newsom released a statement, June 28, on the U.S. Supreme Court ruling City of Grants Pass v. Johnson case. The justices ruled that the city did not violate the Eighth Amendment when they criminalized sleeping in public spaces.

Newsom says court decision allows clearing encampments – advocates say ruling is cruel and unusual

The financial institution that offers frictionless payments and FX to businesses, My EU Pay selects ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to provide a range of banking services for their clients. My EU Pay will use ClearBank’s API to offer its customers real-time clearing,...

My EU Pay Selects ClearBank to Expand its Client Offerings

Bed bugs aren't supposed to be part of the all-inclusive package on a cruise vacation. A woman is alleging an unsettling experience aboard a Royal Caribbean cruise ship, claiming she and her family were subjected to a bed bug infestation.

"I Paid $2K for a Bed Bug Cruise": Passenger Shares Royal Caribbean Story & Letter from Cruise Line

NewsBreak

FCA Sets Out Rules and Proposals to Build Up UK Wholesale Markets

Proposals for new public offers and admissions to trading regime. Key to the package are proposed rules to establish the new Public Offers and Admissions to...

FCA Sets Out Rules and Proposals to Build Up UK Wholesale Markets

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