January 2025 – Page 124

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...

MAS Chief Dismisses Private Cryptocurrencies in Address

Private cryptocurrencies have not met the fundamental criteria for digital money and are expected to decline in popularity soon. Ravi Menon, the outgoing head of...

Payfare Stock Plummets Following DoorDash Contract Setback

Shares in Payfare fell by more than 75% after the Canadian earned wage access firm announced a strategic review following the loss of its largest...

Colombian Payments Startup Bold Secures $50 Million in Funding

Colombian payments fintech Bold has successfully raised $50 million in a Series C funding round led by General Atlantic. Participants in this round included the...