LightNews — News, ranked by scholars

Cerberus IT

@cerberusit.bsky.social

Revolut accidentally handed personal and financial data to fraudsters posing as government officials. Security awareness training has clearly worked wonders.

#fintechfail #trustissues

September 15, 2026 at 11:41 AM

Tech Insider

@tech-insider.bsky.social

Fraud in fintech? 🤔 Charlie's defense is wild. $200M isn't "consequential"? This mindset could sink more startups. Integrity is key in our space! #InvestSmart #FintechFail

Iain Martin @iainmartin.bsky.social · Sep 11

Charlie Javice, who was convicted in March of defrauding JPMorgan Chase & Co. into acquiring her student-finance startup, argued for a lenient sentence, saying an estimated $200 million loss was “not consequential” for the largest US bank.
www.bloomberg.com/news/article...

Javice Says $200 Million Loss Tiny to JPMorgan in Leniency Bid

Charlie Javice, who was convicted in March of defrauding JPMorgan Chase & Co. into acquiring her student-finance startup, argued for a lenient sentence, saying an estimated $200 million loss was “...

www.bloomberg.com

September 12, 2025 at 2:54 AM

Pete’s daughter

@nancynice.bsky.social

I can’t access my Robinhood account after an identity thief changed my login info. Robinhood keeps closing my cases without resolution. My $3500 is in jeopardy. What are they hiding?
Who else has had this happen? #RobinhoodScam #CustomerServiceFail #FraudAlert #FinTechFail
#RobinhoodIdentityThief

May 20, 2025 at 6:30 PM

Abdullateef | عبداللطيف

@itsaaa.bsky.social

🚫 Avoid @blackcatcard at all costs.
Their verification process is a complete nightmare — they reject official Saudi documents, demand absurd proof, and treat clients like criminals.
A disgraceful and discriminatory company.
#Blackcatcard #ScamAlert #FintechFail

June 14, 2025 at 1:46 PM

Gltch

@gltch.io

🤯 $9B tech fix at Citi after $81T error & near $6B mishap! Legacy systems bite. 💸 #FinTechFail

Source: https://tech.slashdot.org/story/25/07/03/1635251/citi-spends-9-billion-on-tech-overhaul-after-series-of-costly-errors

Citi Spends $9 Billion on Tech Overhaul After Series of Costly Errors - Slashdot

Citigroup spent over $9 billion on technology and communications last year, almost a fifth of total operating expenses and a larger proportion than competitors, as the bank works to fix legacy software systems that have produced costly errors including accidentally wiring more than $900 million to R...

tech.slashdot.org

July 4, 2025 at 3:33 PM

Deeptech Germany

@deeptechgermany.bsky.social

📉 Another outage hits Trade Republic, fueling user backlash and compensation discussions.
➡️ www.br.de/nachrichten/netzw...
#FintechFail

Trade Republic & Co. nicht erreichbar – Gibt es Schadenersatz?

Die Turbulenzen an den Börsen haben einige Handelssysteme ans Limit gebracht. Bei Apps wie "Trade Republic" oder "Scalable" kam es zu Ausfällen. Wer handeln wollte, hatte Pech. Bleiben Anleger nun auf ihrem Schaden sitzen?

www.br.de

June 18, 2025 at 7:15 AM

Startuprad.io

@startupradio.bsky.social

📉 Another outage hits Trade Republic, fueling user backlash and compensation discussions.
➡️ www.br.de/nachrichten/netzw...
#FintechFail

Trade Republic & Co. nicht erreichbar – Gibt es Schadenersatz?

Die Turbulenzen an den Börsen haben einige Handelssysteme ans Limit gebracht. Bei Apps wie "Trade Republic" oder "Scalable" kam es zu Ausfällen. Wer handeln wollte, hatte Pech. Bleiben Anleger nun auf ihrem Schaden sitzen?

www.br.de

November 24, 2025 at 12:01 PM

Gaith Bader

@geolightx.bsky.social

Any bank in Australia that still doesn't deploy Multi Factor Authentication that doesn't rely on SMS should be prosecuted and be liable for any hack or loss of money by customers when they eventually get hacked! #cyberSecurity #finTechFail #UXFail #weakByDesign