FintechDaily – Page 148 – Fresh Dose of Fintech News

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...

BNP Paribas Enters Comprehensive Payment Partnership with Ant International

BNP Paribas is partnering with China's Ant International to enhance cross-border payment services for merchants and consumers in Europe. Through a Memorandum of Understanding (MoU),...

DORA Comes into Effect Today

Today marks the deadline for compliance with the Digital Operational Resilience Act (DORA) in the EU. DORA takes effect today, implementing a comprehensive framework aimed...

Australian Banks Introduce Comprehensive Scam Protection Initiatives

The Australian banking industry is implementing a series of reforms aimed at enhancing customer protection against scams, highlighted by a $100 million investment to develop...

Emea Fintech Faces Significant Funding Decline Amid Downturn

The European fintech sector faced significant challenges during the first half of 2023, experiencing a steep decline in funding that fell by more than 50%...