FintechDaily – Page 359 – Fresh Dose of Fintech News

RegTech Kore Secures £2.4 Million in Funding

Kore, a RegTech Software-as-a-Service platform designed to help large financial institutions expedite regulatory compliance, has successfully raised nearly £2.4 million from the angel network Wealth...

RBI Partners with Project Nexus for Instant Cross-Border Payments

The Reserve Bank of India (RBI) has joined the global Project Nexus initiative, aimed at facilitating instant cross-border payments. According to the Bank of International...

Lloyds Bank Reduces Headcount in Risk Department

UK high street bank Lloyds Bank is reducing the size of its risk management department, citing its role as a “blocker” to the bank’s “strategic...

Fed Expands Scope to Address Emerging Technology-Driven Risks

The US Federal Reserve is establishing a new supervisory unit to oversee 'complex' technology partnerships between banks and non-banks, as well as activities related to...

FCA Identifies Areas for Improvement in Fund Manager Value Assessments

The FCA has conducted a review of fund managers' value assessments and found that while many firms have improved their practices, some still need enhancements....

Crypto Exchange Bittrx Reaches $24 Million Settlement with SEC

Crypto company Bittrex has reached a $24 million settlement with the SEC over charges that it operated as an unregistered national securities exchange, broker, and...

PayPal Revamps App to Introduce Flexible Rewards Program

PayPal is introducing an exciting rewards programme along with more personalised options for managing spending, aiming to provide consumers with smart choices for every purchase....

Bank of Canada Report Questions the Value of CBDC

A recent discussion paper from the Bank of Canada raises questions about the effectiveness of a central bank digital currency (CBDC) in fulfilling unmet payment...

Singapore Introduces New Regulatory Framework for Stablecoins

The Monetary Authority of Singapore has introduced a new regulatory framework aimed at enhancing the stability of certified stablecoins in the country. The new guidelines...

Monzo Outshines Competitors in CMA Customer Satisfaction Survey

The Competition and Markets Authority has ranked Monzo as the UK's best bank for personal and business accounts. Personal and small business current account holders...