FintechDaily – Page 364 – Fresh Dose of Fintech News

Fed Issues Warning to Goldman Sachs Regarding Fintech Unit Risks

A division of Goldman Sachs' transaction banking business (TxB) has stopped onboarding riskier fintech clients following a warning from the US Federal Reserve, as reported...

ThetaRay Secures $57 Million for Financial Crime Detection Solutions

ThetaRay, the Israeli fintech that helps banks monitor payment traffic to identify money laundering risks, has successfully raised $57 million in a recent funding round....

Regulator Files Suit Against Westpac for Delays in Responding to Financial Hardship Notices

An Australian regulator has initiated legal action against Westpac, claiming the bank failed to respond to customers who submitted financial hardship notices due to issues...

Enfuce Launches 2-in-1 Debit and Credit Card in the UK

Finnish-founded card issuer and payment processor Enfuce is introducing its innovative two-in-one debit and credit card to the UK, France, and Germany. In the Nordics,...

AbbeyCross Secures $6.5 Million for FX Platform Targeting Emerging Markets

AbbeyCross, a wholesale FX platform dedicated to enhancing the payment market infrastructure for emerging market currencies, has successfully raised US$6.5 million in a seed funding...

Strise Secures $10.8 Million as Financial Crime Draws Investor Interest

Nordic AML vendor Strise has successfully raised $10.8 million in a Series A funding round, which will facilitate its international expansion, beginning with the UK....

UK Startup Perenna Obtains Banking License from FCA and PRA

Mortgage lender Perenna has made history by becoming the first UK startup to receive an unrestricted banking licence in 2023. Last year, Perenna obtained a...

FCA Discovers Inadequate Sanctions Control Measures in Companies

A recent FCA survey examining sanctions controls at 90 UK firms has revealed several deficiencies in key areas, including staffing, technology, and reporting frameworks. The...

FCA Postpones Implementation of Cryptocurrency Cooling Measures

The UK's Financial Conduct Authority (FCA) has announced that some crypto firms will receive extended deadlines to adhere to new marketing regulations, including a 24-hour...

Goldman Sachs Heads $36 Million Investment Round in Canoe Intelligence

Goldman Sachs has led a $36 million Series C funding round in Canoe Intelligence, an alternative investment data platform. Existing investors F-Prime Capital and Eight...