January 2025 – Page 108

Strise Secures $10.8 Million as Financial Crime Draws Investor Interest

Nordic AML vendor Strise has successfully raised $10.8 million in a Series A funding round, which will facilitate its international expansion, beginning with the UK....

UK Startup Perenna Obtains Banking License from FCA and PRA

Mortgage lender Perenna has made history by becoming the first UK startup to receive an unrestricted banking licence in 2023. Last year, Perenna obtained a...

FCA Discovers Inadequate Sanctions Control Measures in Companies

A recent FCA survey examining sanctions controls at 90 UK firms has revealed several deficiencies in key areas, including staffing, technology, and reporting frameworks. The...

FCA Postpones Implementation of Cryptocurrency Cooling Measures

The UK's Financial Conduct Authority (FCA) has announced that some crypto firms will receive extended deadlines to adhere to new marketing regulations, including a 24-hour...

Goldman Sachs Heads $36 Million Investment Round in Canoe Intelligence

Goldman Sachs has led a $36 million Series C funding round in Canoe Intelligence, an alternative investment data platform. Existing investors F-Prime Capital and Eight...

Mastercard Leverages AI in the Fight Against Scammers

Mastercard is addressing the increasing risk of scams with the introduction of an AI-based product suite and various cross-industry collaborations. According to the FBI, Americans...

Paymob Secures $22 Million in Extended Series B Funding Round

Egypt-based fintech Paymob has successfully raised a $22 million Series B extension round, increasing its total Series B funding to $72 million. The funding round...

CFPB Targets Apple Over NFC Chip Access Issues

The Consumer Financial Protection Bureau (CFPB) has taken a strong stance against Apple's policy of limiting access to the NFC chip technology that facilitates payments...

CFTC Advocates for a Regulatory Sandbox for Cryptocurrency in the U.S.

On Thursday, Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham advocated for a limited pilot program to regulate digital assets in the US. During a...

Ripple Acquires Fortress Trust, Securing Nevada License

Ripple has acquired Fortress Trust, a financial institution that offers licensed Web3 financial, regulatory, and technology infrastructure tailored for blockchain companies. Additionally, Ripple has purchased...