2024 – Page 13 – FintechDaily

Allica Bank Announces Its First Year of Profitability

SME challenger bank Allica has reported its first full year of profitability just three years after launching its lending services. Allica, which provides a range...

CFIT CEO: Open Finance Could Increase UK GDP by £30.5 Billion

The Centre for Finance, Innovation and Technology (CFIT) has released a report highlighting the advantages of open finance, aligning with the Kalifa Review. Finextra had...

NAB Strives to Become the “Top Alarm in the Neighborhood”

National Australia Bank (NAB) is investigating the implementation of biometric tracking techniques, such as monitoring keystrokes and phone handling, as part of its strategy to...

DBS Launches Blockchain-Enabled Banking Solutions for Institutions

Singapore's DBS has introduced a suite of blockchain-enabled features within its core transaction banking services for institutional clients. Following extensive pilot programs, DBS Token Services...

Pomelo Secures $35 Million for Credit-Building Remittance Solution

US startup Pomelo has successfully raised $35 million in a Series A funding round to develop its innovative credit-building remittance app and card. Investors in...

FCA Decides Against Intervening in Wholesale Data Market

Despite acknowledging areas for improvement in the distribution of wholesale market data, the Financial Conduct Authority (FCA) has decided against intervention due to the risk...

Gemini Consents to Refund $1.1 Billion to Earn Customers

Gemini has committed to returning at least $1.1 billion to customers affected by its partnership with the now-bankrupt Genesis. The company, founded by Tyler and...

Real-Time Payments Boost GDP and Enhance Financial Inclusion

Real-time payments are projected to contribute an additional $285.8 billion to global GDP and create over 167 million new bank account holders by 2028, according...

Over 40 Banks Set to Participate

NextGen Nordics will take place in Stockholm on April 23rd, with just seven weeks remaining until the event, already 200 attendees have secured their spots....

Paytm Business Bank Penalized for Money Laundering Allegations

Paytm's banking division has been fined 55 million rupees (approximately $663,000) by an Indian regulatory authority on money laundering charges. The Financial Intelligence Unit of...