January 2025 – Page 123

Fordefi Raises $10 Million for Crypto Wallet-as-a-Service Development

Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round. Electric Capital led the round, with participation from Paxos...

Former Chief Fintech Officer at OCC Had a Resume Full of Fabrications

The first chief financial technology officer of the Office of the Comptroller of the Currency (OCC) has been removed from his position following the discovery...

Bank Regulators Caution About Challenges to Operational Resilience

Banks across the EU are struggling to meet the operational resilience and risk guidelines established by the Basel Committee in 2021. An early 2023 evaluation...

FCA Requests Input on Data Disparities Between Big Tech and Financial Services Firms

The UK's Financial Conduct Authority (FCA) is seeking industry input on whether the imbalance of data between Big Tech companies and financial services firms might...

Mastercard to Acquire Subscription Management Company Minna

Mastercard has announced its intention to acquire Minna Technologies, a Swedish subscription management company. Financial details of the deal have not been disclosed. Founded in...

Kema Secures $2 Million to Support Cash Flow for B2B SMEs

UAE-based fintech SaaS platform Kema has secured $2 million in a pre-seed funding round led by Speedinvest. Kema specializes in digitizing, automating, and streamlining the...

S&P Global to Provide GenAI Training for 35,000 Employees

Ratings and analytics provider S&P Global has partnered with Accenture to train its workforce of 35,000 employees in generative AI. S&P Global employees will participate...

FCA Unveils Regulations to Combat Greenwashing

The Financial Conduct Authority (FCA) is taking action against greenwashing by establishing sustainability disclosure requirements and an investment labels regime. The UK regulator initially proposed...

Paymentsense Secures E-Money License in Ireland

UK-based PaymentSense is launching its services in the Irish market under the trading name Dojo, following the acquisition of an e-money licence from the country's...

Symphony and Google Unveil AI-Powered Joint Venture for Telephone Communication

Regtech provider Symphony is leveraging the generative AI capabilities of Google to create a service that ensures compliance for banks' voice calls. The two companies...