CurrencyFair, the Irish fintech, has been warned by the Central Bank of Ireland (CBI) that its payment services could be stopped for up to a year if several regulatory concerns are not resolved.
PayTo is a crucial part of the central bank-backed real-time system that will serve as an alternative to using more expensive North American card networks.
Financial technology company Zai has appointed former Lumon executive Shamus Hodgson as Group CEO. Zai says Hodgson will also head up its sister brand.