FintechDaily Staff – Page 186

Banco Sabadell Introduces Real-Time Geolocation for Card Payments

Banco Sabadell is leveraging transaction enrichment technology from Snowdrop Solutions to help its customers visualize their card transactions on a map. This service displays both...

UK Green Fintech Tred Shuts Down Citing APP Fraud Reimbursement Regulations as the Cause

UK green fintech startup Tred is set to shut down its operations, citing new reimbursement rules concerning authorised push payment fraud as the reason for...

Companies Neglecting Social Messaging Oversight

Financial services firms are struggling to effectively monitor their employees' use of social media messaging, despite designating communications surveillance as a priority investment, according to...

Wise Expands its Services to Mexico

Money transfer giant Wise has launched its services in Mexico, aiming to enter another lucrative market. A survey conducted by Edgar, Dunn & Company on...

Barclays Discontinues Rise Fintech Accelerator Program

UK bank Barclays is closing its fintech accelerator programme, Rise, which has been in operation for the past ten years. As first reported by Axios,...

Cedar Money Secures $9.9 Million for Its Stablecoin Payments Platform

Cedar Money, a cross-border stablecoin payments platform, has successfully secured $9.9 million in a seed funding round, with QED Investors leading the investment. North Island...

European Fintech Investment Sees 10% Boost in 2024

European fintech investment saw a significant increase of 10% in 2024, reflecting growing confidence in one of the continent's leading tech sectors. Funding rose from...

UK Unveils New Framework for AI Regulations

The UK government has unveiled its plans to regulate artificial intelligence (AI), signaling a shift away from the EU's strategy that aims to establish a...

CFPB Directs Wise to Pay More Than $2 Million

Money transfer platform Wise has been fined $2.025 million by the Consumer Financial Protection Bureau (CFPB) for misleading customers regarding fees and charges. The CFPB...

US Asset Managers Submit Applications to SEC for Bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products is gaining momentum, as several of the country's largest asset managers—BlackRock, WisdomTree, and...