FintechDaily Staff – Page 205

Eco-Friendly Digital Mutual Bank Centered on Sustainable Food Set to Launch

A new digital bank focused on sustainable farming and food is set to launch in the US, following a successful $24 million raise through Special...

Celsius Executives Liquidated $21 Million in Shares Prior to Bankruptcy

A financial disclosure form filed in New York this week has revealed that top executives of the now-bankrupt Celsius Network withdrew $21 million in cryptocurrencies...

Indonesia and Singapore to Launch QR Code Payment System

The central banks of Singapore and Indonesia are set to implement QR codes for cross-border payments between the two nations. Both Bank Indonesia (BI) and...

TRM Labs Secures $70 Million in Funding

Goldman Sachs, PayPal, American Express, and Citi have participated in a $70 million funding round for blockchain intelligence company TRM Labs. This latest investment extends...

Citi Ventures into Cryptocurrency with Xalts Seed Investment

Citi Ventures, Citigroup’s first venture capital investing group, and Accel have co-led a $6 million initial capital financing round for xalts, a Hong Kong-based digital...

BaaS Provider Delays Cost Fintechs $11M Annually – ClearBank & Aite-Novarica Report

New research from ClearBank and Aite-Novarica Group reveals that half of fintech companies are losing $11 million per year due to product delays related to...

Macron Champions Initiative for Online Child Safety

French President Emmanuel Macron has launched the Children Online Protection Laboratory aimed at safeguarding children from online threats and cyberbullying through the monitoring of harmful...

Payable Secures $6.1 Million to Transform Business Payment Systems

Payable, a payments operations platform for businesses, has successfully raised $6.1 million in a funding round led by CRV and Earlybird. Founded by former Checkout.com...

Lightyear Introduces Business Investment Account

Retail investment platform Lightyear is expanding into the small business sector by launching UK business accounts and providing freelancers and sole directors access to money...

BIS Innovation Hub Unveils New Prototype for Central Bank Digital Currency (CBDC)

Tourbillon is an innovative project designed to enhance cyber resiliency, scalability, and privacy in the context of a prototype Central Bank Digital Currency (CBDC). Launched...