December 2024 – Page 70

Wise Initiates European Remediation Plan to Address AML Controls

Money transfer giant Wise has been instructed by European regulators to implement a formal remediation plan addressing deficiencies in its anti-money laundering (AML) controls, as...

Are Innovations in Cross-Border Payments Facilitating APP Fraud?

The Payments Association has issued a warning highlighting that international criminals are taking advantage of advancements in cross-border payments to conceal funds and avoid detection...

Google Cloud Partners with Swift to Combat Fraud

Bank-to-bank payment network Swift is collaborating with Google Cloud to create advanced anti-fraud technologies that leverage AI and federated learning across multiple jurisdictions. In the...

“All Companies Will Transform into Climate-conscious Enterprises” – Lune, Winner of EBAday 2024 Fintech Zone

Earlier this year, it was announced that Lune, a climate-positive company offering API and software tools, won the FinTech Zone award at EBAday 2024. This...

MEP Amendments to PSR APP Fraud Liability Framework ‘Hinder Effective Fraud Prevention’

Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have highlighted significant flaws in the European Parliament's far-reaching extension of liability beyond payment...

Tembo, the savings and mortgage platform, secures £14 million in funding

London-based digital savings and mortgage platform Tembo has successfully raised £14 million in a Series B funding round led by Goodwater Capital. Existing investors, including...

Latvia Introduces Accelerated Pre-Approval Process for MiCA Compliance

The central bank of Latvia is enhancing its position as a fintech innovation hub by offering free pre-licensing consultations for crypto-asset service providers seeking the...

Swedish Spend Management Fintech Mynt Secures €22 Million in Funding

Swedish spend management fintech Mynt has successfully raised €22 million in a Series B funding round, significantly increasing its valuation to approximately €175 million. The...

US Investigates the Potential of a Settlement Network for Multi-Asset Transactions

The proof-of-concept for the Regulated Settlement Network (RSN) highlighted the potential of shared ledger technology to enhance multi-asset and cross-network transaction settlements for domestic users...

The Importance of Consistent Policies for Advancing Sustainable Finance

Following the 2022 Biodiversity Conference of Parties, global efforts have been directed toward the ambitious objectives of the Global Biodiversity Framework (GBF). Recently, stakeholders reconvened...