February 21, 2025 – FintechDaily

Apple and Google Undergoing Scrutiny for Competition in UK Digital Wallet Market

Amid growing concerns regarding the dominance of Big Tech in the digital wallet space, UK financial regulators have announced their intention to support the Competition...

SEC Establishes Cyber and Emerging Technologies Division

The US Securities and Exchange Commission has established a Cyber and Emerging Technologies Unit (CETU) aimed at addressing cyber-related misconduct and safeguarding retail investors from...

Citi, HSBC, Morgan Stanley, and RBC Penalized for Revealing UK Bond Pricing

The UK regulator, the Competition and Markets Authority (CMA), has imposed fines totaling £104.5 million on Citi, HSBC, Morgan Stanley, and the Royal Bank of...

Nasdaq Introduces Cryptocurrency Custody Service

Stock market operator Nasdaq is making a significant move into the cryptocurrency space by launching a digital asset custody service aimed at institutional investors. Led...

AFME Advises Caution Regarding Europe’s Shift to T+1 Settlement System

A move by Europe to a one-day settlement cycle (T+1) could offer significant advantages, but several obstacles must be addressed, according to a report from...

Wall Street Titans Participate in $60 Million AccessFintech Funding Round

Capital markets specialist AccessFintech has secured $60 million in a Series C funding round, led by WestCap and supported by several major banks, including BNY...

UK Communications Regulator Initiates Investigation into Cloud Competition

Ofcom has initiated an investigation into major cloud service providers Amazon, Microsoft, and Google, which collectively account for approximately 81% of revenues in the UK...

Swift to Provide Comprehensive Insights into Post-Trade Processing

Following a successful pilot, Swift is preparing to launch a service aimed at enhancing transparency in post-trade processing and reducing settlement failures. Swift Securities View...

Swift Develops Proof-of-Concept for Blockchain Interoperability

Interbank cooperative Swift is collaborating with Chainlink on a pilot project aimed at providing network interoperability across various blockchain platforms. Swift and Chainlink have developed...

CommBank’s x15Ventures Backs Xccelerate Winner Gable

CommBank's venture scaling arm, x15Ventures, has invested in the Seattle-based data management startup Gable, which triumphed among fintechs in the latest Xccelerate24 programme. Founded in...