FintechDaily Staff – Page 3

Revolut Enables Customers to Transfer Funds to China Using Alipay

Revolut is aiming to capture the $48 billion Chinese remittance market through a partnership with Ant International. Revolut users worldwide can send money to China...

Ecosia Backs Startup Developing Wooden Debit Cards

Ecosia Invests in TreeCard: A Sustainable Future for Payments Ecosia, the eco-conscious search engine, has made a significant investment of £1 million for a 20%...

Bank of England Penalizes Vocalink for Compliance Breach

The Bank of England has imposed an £11.9 million fine on UK payments operator Vocalink for failing to meet a deadline to address deficiencies in...

Sustainability: Unraveling Investment Decision-Making

Mohammad Kamal Syed, managing director and head of investment management at Coutts & Co, discusses the comprehensive transformation in the firm’s investment decision-making process aimed...

FactSet Reaches Agreement to Acquire ESG Data Company TruValue

Financial analytics company FactSet has announced its acquisition of Truvalue Labs, a firm specializing in AI-powered environmental, social, and governance (ESG) data. The financial details...

Barclays Unveils Eagle Lab Farm to Enhance UK Agriculture

Barclays has partnered with the University of Lincoln to establish an advanced agricultural technology lab designed to support entrepreneurs and researchers in enhancing the UK...

Danske Bank to Switch to Recycled Materials for Payment Cards

Danske Bank is set to retire all current payment cards in favor of new cards composed of 86% recycled plastic. The rollout will begin with...

Climate Impact Investment App Secures €1.4 Million in Funding

Cooler Future, a climate impact investing application based in Finland, has successfully secured EUR 1.4 million in funding from various European venture capitalists and impact...

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...