FintechDaily – Page 17 – Fresh Dose of Fintech News

Ramp Secures Second Funding Round in 45 Days, Driven by AI Growth

Ramp has secured an additional $500 million in funding just two months after raising $200 million at a $16 billion valuation, bringing its total valuation...

Canada’s Real-Time Rail Poised for Testing Phase

The technical build for Canada's Real-Time Rail (RTR) payments system is nearing completion, with testing scheduled for autumn prior to launch. As part of a...

Payroc Partners with BlueSnap for Acquisition

North American merchant acquirer and payment technology provider Payroc has agreed to acquire BlueSnap, a payment orchestration and accounts receivable automation platform. Financial terms of...

Visa Expands Settlement Support for Additional Stablecoins

Visa is intensifying its support for stablecoins by adding settlement capabilities for three additional coins and two new blockchains. According to Visa's analysis, stablecoin adoption...

Brazil’s QI Tech Seeks Acquisitions Following $63 Million Fundraising

Brazilian financial infrastructure fintech QI Tech has secured $63 million in a Series B extension funding led by General Atlantic. Founded in 2018 by Pedro...

Bailey and Reeves Spar Over Revolut’s Banking License

The Bank of England governor has reportedly clashed with Chancellor Rachel Reeves over efforts to expedite Revolut's authorization as a fully licensed bank. Revolut finally...

Triodos Bank CEO: “Bankers Must Embrace Their Role as Eco-Warriors”

At the Bristol Distinguished Address Series, Dr. Bevis Watts, CEO of Triodos Bank UK, emphasized the crucial role of banking in addressing climate change. He...

CFIT Names Anna Wallace as CEO

Fintech growth organization, the Centre for Finance, Innovation and Technology (CFIT), has appointed Anna Wallace, the former head of innovation at the FCA, as its...

Klarna Obtains EMI License in the UK

Buy now, pay later giant Klarna has obtained an Electronic Money Institution license from the UK's Financial Conduct Authority, positioning itself to make a significant...

FCA Aims to Enhance Digital Loan Procedures

The UK's Financial Conduct Authority (FCA) has called for improvements in digital loan processes to enhance consumer understanding of agreements. In a review of the...