FintechDaily – Page 351 – Fresh Dose of Fintech News

EU Achieves Political Consensus on Cryptocurrency Capital Regulations

The European Union has reached a "political agreement" on new capital adequacy rules for banks regarding digital assets. The announcement was made by the European...

Amazon Backs Indian BNPL Company Axio with $20 Million Investment

Indian buy now, pay later firm Axio has secured a $20 million equity investment from Amazon's Smbhav Venture Fund. Axio was formed through the merger...

Wealthtech Prosper Unveils Crowdfunding Initiative

Prosper, a UK wealthtech company founded by alumni of Tandem and Nutmeg, has initiated a crowdfunding campaign on Crowdcube. The startup aims to follow in...

EC Unveils Proposals for PSD3

The European Commission (EC) has put forward its proposals to reform the EU’s payments market. The update to the Payment Services Directive 2 (PSD2) aims...

Bitpanda Crypto Exchange Secures €30 Million in Funding for Expansion

Digital asset exchange Bitpanda Pro has officially spun out from its parent company and secured €30 million in a funding round led by Peter Thiel’s...

Lithuania Releases National Guidelines for Fintech Sector

Lithuania has unveiled a five-point, five-year plan aimed at establishing itself as one of the leading fintech hubs in the EU. The National Fintech Guidelines...

Shares Obtains EU Trading License, Aspires to Become the ‘Louis Vuitton’ of Trading Applications

French social trading app Shares has made history by becoming the first fintech in the country to obtain both crypto registration (PSAN) and a stock...

Pig Butchering Rises as Leading Threat in Payment Scams

Pig-butchering, a type of investment scam involving fake cryptocurrency companies, has surfaced as one of the leading payment threats to consumers. According to the Spring...

Shift4 to Purchase Givex for C$200 Million

Shift4 Payments is set to acquire the Canadian gift card company Givex for C$200 million in an all-cash deal. Givex offers cloud-based software services for...

FundOnion Introduces Business Finance Comparison Platform

An AI-driven finance comparison platform named FundOnion has been launched to assist small businesses in the UK in securing funding. According to a recent report...