December 2024 – Page 62

KPay Raises $55 Million in Series A Funding

Singapore's KPay Group has successfully completed its first institutional funding round, raising a remarkable US$55 million, marking the largest Series A in the payments sector...

Fintech Angel Fund Rerail Reaches $20 Million Funding Goal

Rerail, an angel fund dedicated to fintech startups, has successfully raised a $20 million fund. Founded by former Anthemis, Speedinvest, and Cocoa professional Anthony Danon,...

AI: Introducing the Speakers

Join us for Finextra’s inaugural NextGen: AI event in London next month, where we will redefine the role of AI in financial services. With just...

UK Chancellor Introduces Reforms for Pensions and Sustainable Finance

UK Chancellor Rachel Reeves has announced a financial services strategy set to launch in March 2025, aimed at fostering growth and enhancing the fintech and...

Confirmation of Payee Now Applies to Nearly All Transactions in the UK

Confirmation of Payee in the UK now covers nearly 99% of all transactions conducted through Faster Payments and CHAPS, following the integration of this fraud-prevention...

FCA Imposes £350,000 Fine on Wise CEO Käärmann for Violating Senior Manager Conduct Rules

Wise CEO Kristo Käärmann has been fined £350,000 by the FCA for failing to promptly report a default on his tax bill. In February 2021,...

Central Banks Demonstrate the Value of Integrating Compliance in Cross-Border Transactions

The Bank for International Settlements (BIS), in collaboration with central banks from Australia, Korea, Malaysia, and Singapore, has successfully showcased the feasibility of integrating regulatory...

Australia’s ASIC Emphasizes Governance Gaps in AI Adoption

Australia's Securities and Investment Commission (ASIC) is urging financial services and credit licensees to enhance their governance practices in light of the increasing adoption of...

Top 5 Fraud Techniques Predicted for 2024, Based on AIB Insights

Allied Irish Bank is advising customers to stay alert to fraud, especially during the festive season when many are taking time off. The bank has...

Fintech Funding Defies Downward Trend Across Europe

Innovations in AI and embedded finance have sparked a recovery in fintech funding, according to Q3 figures compiled by Dealroom. While European startup funding declined...