2025 – Page 42 – FintechDaily

Monzo Fined £21 Million for AML Violations

The UK's Financial Conduct Authority (FCA) has fined neobank Monzo £21,091,300 due to "inadequate" systems and controls to combat financial crime that were in place...

Castellum.AI Secures $8.5 Million in Funding

Castellum.AI, a financial crime compliance platform featuring in-house risk data, AML/KYC screening, and AI agents, has successfully closed an oversubscribed $8.5 million Series A funding...

Fintech Industry Prepares for New Disruption as AI Transforms the Landscape

As artificial intelligence transforms the business landscape, fintechs are set to initiate a new wave of disruption as the industry emerges from a prolonged downturn....

BNP Paribas Launches UK Fintech Incubator Program Focused on AI

BNP Paribas Personal Finance is launching its third consecutive UK Fintech incubator program, aimed at identifying startups with generative AI applications relevant to the financial...

Deutsche Börse Paves the Way in $15 Million Investment in Clarity AI

Deutsche Börse has spearheaded a $15 million investment round in Clarity AI, a Spanish fintech company that leverages machine learning and big data to illuminate...

Former Monzo Alumni Secure $13 Million for AI Chatbot Startup

Gradient Labs, a startup developing AI agents for the financial services sector and founded by former Monzo team members, has successfully raised $13 million. The...

Switzerland Unveils Green Fintech Network

Switzerland is establishing a Green Fintech Network aimed at seizing the significant potential that sustainable finance offers. The initiative is spearheaded by the State Secretariat...

Sustainable Investment App Clim8 Surpasses Crowdcube Funding Goal

Ethical investment platform Clim8 has successfully exceeded its latest crowdfunding goal by raising £2.35 million from a diverse group of investment funds and nearly 1,900...

Five Additional Belgian Banks Join the European Payments Initiative

Five major banks in Belgium have joined the European Payments Initiative (EPI) to launch the Wero digital wallet and instant account-to-account (A2A) payment application for...

EPC Urges Directory Service Providers to Collaborate on VoP Initiative

The European Payments Council is seeking Directory Service Providers to assist in verifying routing algorithms that may be used by participants in the Verification of...