FintechDaily – Page 363 – Fresh Dose of Fintech News

Fintech Investment in the US and UK Sees Notable Decline in 2023

Investment in fintech startups in the US and UK saw significant declines in 2023, driven by inflation, rising interest rates, geopolitical challenges, and other macroeconomic...

FNA Receives Grant from University of Cambridge to Create Market Monitoring Tool

Network analytics and simulation firm FNA has been awarded $100,000 through the University of Cambridge's SupTech Launchpad competition to develop a prototype for monitoring financial...

Grayscale Achieves Legal Victory Against SEC Concerning Bitcoin ETF

A US federal appeals court has ruled in favor of an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) regarding the...

FCA to Perform Fair Value Assessments to Safeguard Consumer Savings Options

The Financial Conduct Authority (FCA) has assessed nine firms regarding their savings products amid concerns about unfair savings deals for consumers. The Consumer Duty, introduced...

Switzerland to Implement Europe’s Most Stringent AML Standards

The Swiss Government has drafted new anti-money laundering regulations that will establish stricter standards than those currently in place across Europe. The proposed rules will...

Crypto Industry Responds to Implementation of FATF Travel Rule

From today, the UK will implement new anti-money laundering regulations for cryptocurrency, following guidelines established by the Financial Action Task Force (FATF). The new regulations...

Form3 Secures Additional $60 Million to Realize A2A Payment Vision

UK account-to-account payments platform Form3 has secured $60 million in a Series C extension funding round, led by new investor British Patient Capital with a...

Plaid and Robinhood Alumni Secure $75M for New Early-Stage Venture Capital Fund

Exponent Founders Capital, an early-stage venture capital firm established by former Plaid and Robinhood employees, has successfully raised $75 million to support investments in a...

Law Enforcement Dismantles Cybercrime Phishing Subscription Network

Police have arrested 37 members of a criminal gang responsible for operating a phishing subscription website that deceived up to 70,000 victims in the UK...

Google DeepMind Co-Founder Advocates for the U.S. to Establish Global AI Standards

Mustafa Suleyman, co-founder of Google DeepMind and chief executive of Inflection AI, expressed in an interview with the Financial Times that the United States should...