FintechDaily – Page 256 – Fresh Dose of Fintech News

SMFG Set to Unveil Digital Consumer Bank in the U.S.

Sumitomo Mitsui Financial Group (SMFG) is set to launch a new standalone digital bank in the United States. Jenius Bank will function as a division...

Infinox Faces Initial Transaction Reporting Penalty Under MiFIR Regulations

The FCA has imposed its first fine for transaction reporting failures related to MiFIR regulations. Infinox Capital has been fined £99,200 for not submitting 46,053...

SteelEye Secures $21 Million in Series B Funding

SteelEye has successfully raised $21 million in a Series B funding round, marking the largest RegTech raise by a European firm in 2022. The round...

Fintechs Label Hong Kong as ‘Uncompetitive’

A recent survey of fintech executives has deemed Hong Kong uncompetitive compared to other global financial centers. Conducted by Google in partnership with financial consultant...

CFPB Imposes $2.5 Million Fine on Wise

Money transfer platform Wise has been penalized $2.5 million by the Consumer Financial Protection Bureau (CFPB) for misleading customers regarding fees and charges. The CFPB...

iPiD Secures $3.3 Million for Its International Payments Solutions Platform

International payments addressing platform iPiD has secured $3.3 million in seed funding and appointed Alain Raes, a former executive at Swift, as its chief commercial...

Robinhood Appoints CEO Ahead of UK Launch

American stock trading app Robinhood has appointed Jordan Sinclair, a Freetrade executive, to spearhead its renewed plans for a launch in the UK. Sinclair has...

UK Fintech Job Market Experiences Significant Growth

The UK fintech sector saw a remarkable 44% increase in job vacancies in 2024, driven by venture capital investment and advancements in AI, as highlighted...

BofA Secures Hundreds of Patents

Bank of America achieved a remarkable milestone, securing a record 341 US patents in the first half of 2022, which marks a 50% increase compared...

Berlin-based Fintech Startup Justhome Secures €3.3 Million in Funding

Justhome, a home financing startup based in Berlin, has successfully raised €3.3 million in a funding round led by Target Global. APX, the early-stage fund...