FintechDaily – Page 252 – Fresh Dose of Fintech News

Grasshopper, the Digital Bank, Secures $30.4 Million in Funding

Grasshopper, a US digital bank catering to SMEs and entrepreneurs, has successfully raised $30.4 million in funding. Investors in this round include Patriot Financial Partners,...

Banks to Pay $1 Billion for Traders’ Use of WhatsApp

A group of Wall Street banks is bracing to each pay up to $200 million to settle cases with the Securities and Exchange Commission (SEC)...

Up Bank Introduces Maybuy: A New BNPL Alternative

Australian neobank Up Bank has introduced Maybuy, a savings service intended as an alternative to the increasingly popular Buy Now Pay Later (BNPL) products. Maybuy...

Redwood Bank Achieves First Full-Year Profit as a Specialist Lender

Redwood, the British challenger bank catering to SMEs, has achieved full-year profitability less than five years after its launch. Founded in August 2017, Redwood was...

FCA introduces proposal for a UK consolidated tape

The UK's Financial Conduct Authority (FCA) is considering the introduction of a consolidated tape to provide investors with clear and affordable trading data. A consolidated...

FCA Imposes £12.5 Million Fine on Citi for Trading Oversight Failures

The UK's Financial Conduct Authority (FCA) has imposed a £12.5 million fine on Citigroup Global Markets due to its previous failures to adequately oversee trading...

Ben, the Workplace Benefits Platform, Secures $16 Million in Funding

Employee benefits platform Ben has secured $16 million in a Series A funding round led by Atomico. Cherry Ventures, DN Capital, and Seedcamp also participated...

Stackwell Secures $3.5 Million to Address Racial Wealth Disparities

Stackwell, a digital investment platform aimed at the Black community, has successfully raised $3.5 million in a seed funding round. The funding was led by...

Crypto Crime Revenue Declines by 65%

Revenue from cryptocurrency-related crime decreased by 65% in the first half of 2022 compared to the same period in 2021. According to blockchain analysis firm...

Recognise Bank Names Jean Murphy as CEO

Digital SME banking startup Recognise Bank has appointed Jean Murphy as CEO. Murphy, who has an extensive background in banking with experience at Credit Suisse,...