FintechDaily – Page 354 – Fresh Dose of Fintech News

The Bank of London Seeks EU Banking License

The Bank of London, a global clearing and transaction banking startup, has applied for a European banking license and plans to invest €200 million and...

Atlantic Money Offers Affordable Swift Alternative with No-App Required Money Transfers

Money movement firm Atlantic Money is enabling users to bypass its app and send and receive currencies directly through their own bank accounts. With the...

CFIT Introduces ‘Open Finance Coalition’ and Reveals Founding Members

The Centre for Finance, Innovation and Technology (CFIT) has announced the founding members of its ‘Open Finance Coalition’, which aims to leverage financial data to...

Canapi Ventures Secures $750 Million for Fintech Fund

Canapi Ventures, a venture capital firm focused on fintech startups, has successfully raised $750 million for its second fund. Founded by former Comptroller of the...

Ripple Achieves Partial Victory in SEC Lawsuit

Ripple has achieved a significant victory in a ruling regarding the sale of its XRP token, with a US judge determining that these transactions on...

Brothers Sentenced for Fraud Involving P2P Investment Firm

The brothers behind a British peer-to-peer investment platform have been sentenced to a total of eight years in prison for fraud and money laundering. Before...

FSB Enhances Regulatory Framework for Cryptocurrency Assets

The Financial Stability Board (FSB) has introduced a global regulatory framework for crypto-asset activities based on the principle of ‘same activity, same risk, same regulation.’...

BaFin Expands AML Oversight for N26

Germany's financial regulator BaFin has extended money laundering controls at digital bank N26 due to the ongoing "deficiencies" in its systems. In 2021, BaFin fined...

Visa Unveils AI-Driven Fraud Prevention Solutions

Visa has introduced three AI-powered risk and fraud prevention tools as part of its product offerings for businesses. These new additions to the Visa Protect...

Revolut Launches Virtual Cryptocurrency Payment Cards

Revolut is introducing dedicated crypto payment cards designed for everyday purchases. These new virtual cards, which integrate seamlessly with Apple Pay and Google Pay, allow...