January 2025 – Page 107

Crypto Industry Responds to Implementation of FATF Travel Rule

From today, the UK will implement new anti-money laundering regulations for cryptocurrency, following guidelines established by the Financial Action Task Force (FATF). The new regulations...

Form3 Secures Additional $60 Million to Realize A2A Payment Vision

UK account-to-account payments platform Form3 has secured $60 million in a Series C extension funding round, led by new investor British Patient Capital with a...

Plaid and Robinhood Alumni Secure $75M for New Early-Stage Venture Capital Fund

Exponent Founders Capital, an early-stage venture capital firm established by former Plaid and Robinhood employees, has successfully raised $75 million to support investments in a...

Law Enforcement Dismantles Cybercrime Phishing Subscription Network

Police have arrested 37 members of a criminal gang responsible for operating a phishing subscription website that deceived up to 70,000 victims in the UK...

Google DeepMind Co-Founder Advocates for the U.S. to Establish Global AI Standards

Mustafa Suleyman, co-founder of Google DeepMind and chief executive of Inflection AI, expressed in an interview with the Financial Times that the United States should...

Fed Issues Warning to Goldman Sachs Regarding Fintech Unit Risks

A division of Goldman Sachs' transaction banking business (TxB) has stopped onboarding riskier fintech clients following a warning from the US Federal Reserve, as reported...

ThetaRay Secures $57 Million for Financial Crime Detection Solutions

ThetaRay, the Israeli fintech that helps banks monitor payment traffic to identify money laundering risks, has successfully raised $57 million in a recent funding round....

Regulator Files Suit Against Westpac for Delays in Responding to Financial Hardship Notices

An Australian regulator has initiated legal action against Westpac, claiming the bank failed to respond to customers who submitted financial hardship notices due to issues...

Enfuce Launches 2-in-1 Debit and Credit Card in the UK

Finnish-founded card issuer and payment processor Enfuce is introducing its innovative two-in-one debit and credit card to the UK, France, and Germany. In the Nordics,...

AbbeyCross Secures $6.5 Million for FX Platform Targeting Emerging Markets

AbbeyCross, a wholesale FX platform dedicated to enhancing the payment market infrastructure for emerging market currencies, has successfully raised US$6.5 million in a seed funding...