FintechDaily Staff – Page 275

ANEXT Bank’s SME Initiative to Enhance Financing Accessibility

ANEXT Bank's head of strategic partnerships, Randall Lee, announced a new initiative for SMEs at the Singapore Fintech Festival, aimed at enhancing access to financing...

LSEG Announces New Marketplace Powered by Blockchain Technology

The London Stock Exchange (LSE) is in the process of developing a new digital marketplace utilizing blockchain technology. Murray Roos, head of capital markets at...

Santander UK Penalized £107.7 Million for Ongoing AML Violations

The FCA has imposed a fine of £107,793,300 on Santander UK Plc due to deficiencies in its anti-money laundering (AML) controls that affected its business...

Startups Chosen for First-Ever Climate Incubator

Eight climate-focused startups have been selected to participate in the world's first climate-focused fintech incubator in the Nordics and Baltics. The six-month program, organized by...

Saudi Arabia Accelerates Its Ambitions to Become a Global Fintech Hub

Saudi Arabia's ambition to establish itself as a global fintech hub is gaining traction, with a remarkable 79% increase in financial technology startups over the...

UK Payments Regulator Seeks Feedback on New APP Reporting Regulations

The UK's banks will soon be required to provide transparent data on their effectiveness in protecting customers against authorized push payment (APP) fraud, according to...

Former Tink Employees Secure €5 Million for New Payments Startup

A group of former Tink employees has raised €5 million in seed funding for their startup, Atlar, which aims to automate payment activities for businesses....

Swiss B2B Fintech GenTwo Secures $15 Million in Funding

Point72 Ventures has led a $15 million Series A investment round in GenTwo, a fintech company specializing in asset securitization. Founded in 2018, the Swiss...

NatWest Introduces Confirmation of Payee for Open Banking Transactions

Insolvency practitioner Teneo has become the first firm to leverage the new Confirmation of Payee (CoP) functionality integrated into NatWest's account-to-account payments platform, Payit. With...

Binance to Acquire Struggling Competitor FTX

Facing a liquidity crisis, the cryptocurrency exchange FTX has reached a preliminary agreement to be acquired by rival Binance, though specific details of the deal...