FintechDaily – Page 148 – Fresh Dose of Fintech News

JP Morgan Supports Tifin’s AI-Driven Wealth Management Initiative

JP Morgan is investing in a new AI-focused venture from Tifin, a group that encompasses various wealth management fintech businesses. Tifin.AI builds upon Tifin Studios,...

Shift4 Payments and SEC Settle Disclosure Violation Dispute

Shift4 Payments, the company founded by Jared Isaacman, who has been nominated by Donald Trump to lead NASA, has reached a $750,000 settlement with the...

Robinhood Agrees to $45 Million Settlement Amid Multiple Regulatory Violations

Robinhood has agreed to pay $45 million to settle various charges from the SEC related to its brokerage operations. According to the SEC’s order, Robinhood...

Partior, a DLT-based Payments Network Backed by Banks, Secures $60 Million in Funding

Partior, a fintech supported by several major banks, has successfully secured $60 million in Series B funding to enhance its global unified ledger-based system for...

Bank of England and NYDFS Exchange Experts in Emerging Payments and Digital Assets

The Bank of England and New York's Department of Financial Services have established a resource sharing agreement that facilitates the exchange of senior staff with...

UK Fintechs Bloom Money and SuperFi Successfully Complete Seed Funding Rounds

Bloom Money, a UK startup focused on providing financial services to immigrants, has secured £1 million in pre-seed funding. Another UK startup, SuperFi, has also...

Many UK BNPL Users Unaware of Late Fees

Just half of BNPL (Buy Now, Pay Later) users in the UK are aware of late payment fees, and even fewer know the potential amounts...

Google Fund Backs KYB Verification Startup Arva AI

Google's early-stage AI fund has led a $3 million seed round for Arva AI, a startup focused on helping banks and fintech companies automate their...

Block Faces $255 Million in Penalties Due to Cash App Shortcomings

Block has been ordered to pay a total of $255 million by state regulators and the Consumer Financial Protection Bureau (CFPB) due to failures in...

UK Payment Systems Regulator Unveils New Strategy

The UK's Payment Systems Regulator (PSR) has released a strategy update halfway through its five-year plan, outlining its core commitments. Initially unveiled in 2022, the...