Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims

Key Points

A day after Meta announced a partnership with U.K. banks NatWest and Metro Bank on a data-sharing framework to help them prevent customers from falling prey to fraud schemes, Revolut said that the tech company was not doing enough.
The fintech firm said that Meta and other social media platforms should do their part to financially compensate those who fall victim to fraud on their sites.
Starting from Oct. 7, new payment industry reforms will come into force that require banks and payment firms to issue victims of so-called authorized push payment fraud a compensation of maximum £85,000.

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Fintech startup Upgrade valued at .3 billion in new funding round

Finance

Fintech startup Upgrade valued at $7.3 billion in new funding round

October 16, 2025

Key Points Upgrade, a provider of online loans and other financial services, said it raised $165 million in its first funding round since 2021. The startup is now valued at $7.3 billion, according to CEO Renaud Laplanche. Neuberger Berman led the round, with participation from LuminArx Capital Management. Source

Finance

Stocks making the biggest moves after hours: J.B. Hunt, United Airlines, Zion and more

October 15, 2025

Check out the companies making the biggest moves in extended trading: J.B. Hunt Transport Services — Shares of the trucking and logistics company jumped more than 12% in after-hours trading on the back of its strong results. For the third quarter, J.B. Hunt earned $1.76 per share on revenue of $3.05 billion. Analysts polled by […]

Finance

CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation

October 15, 2025

Key Points Wells Fargo CEO Charlie Scharf said AI is boosting productivity but will likely reduce workforce size. Pfizer CEO Albert Bourla warned China is closing the biotech and pharmaceutical patent gap rapidly and said the U.S. needs to focus on innovation. Speaking at CNBC’s inaugural Invest in America Forum, both CEOs agreed that the […]