December 2024 – Page 42

Canada’s Neo Secures C$360 Million in Equity and Debt Financing

Canadian fintech Neo Financial has successfully secured C$110 million in equity and an additional C$250 million in debt to enhance its competition against the major...

UK Economic Secretary Tulip Siddiq Urged to Cut APP Fraud Reimbursement to £30K

This news follows a recent appeal from the UK payments group to Chancellor Rachel Reeves, urging the establishment of a 'Tech Levy' on social media...

Apple Secures Agreement with EC for NFC Payment Access

Apple has avoided substantial fines from the European Commission (EC) by agreeing to open its NFC chip technology, which enables contactless payments on iPhones, to...

Citi Faces $136 Million Penalty for Inadequate Progress in Addressing Risk Management Issues

Citi has been fined $135.6 million by US regulators for not sufficiently addressing risk management and data governance deficiencies, four years after a cease and...

UK Regulators Request Input on Digital Wallets from Big Tech Companies

UK regulators are seeking feedback on the potential benefits and risks associated with digital wallets from major tech companies like Apple and Google, aiming to...

Deutsche Börse Invests in Capital Markets Fintech Company Primary Portal

Primary Portal, a digital platform that streamlines and digitizes equity capital market processes for banks and asset managers, has successfully completed the first stage of...

Standard Chartered Enters Hong Kong’s Stablecoin Sandbox

Standard Chartered is among the companies selected to participate in Hong Kong's new stablecoin issuer sandbox. This announcement follows recent statements from the island's regulators...

Aquis and Cboe Join Forces for EU Consolidated Tape Submission

Aquis Exchange and Cboe Europe are collaborating to establish a joint venture aimed at bidding for the new European Union equity consolidated tape. European regulators...

Augmentum Fintech Leads $7 Million Funding Round for Expense Management Company Pemo

Augmentum Fintech has led a $7 million funding round for UAE expense management startup Pemo, investing $4 million in the company. Founded in 2022, Pemo...

Mexican Fintech Aviva Secures $5.5 Million in Funding

Aviva, a Mexican "phygital" financial platform aimed at serving the underbanked and micro businesses, has successfully raised $5.5 million in seed funding. Krealo, the corporate...