FintechDaily – Page 366 – Fresh Dose of Fintech News

Outward VC Secures £51 Million for New Fintech Fund

Outward VC, a London-based early-stage venture capital fund, has successfully closed a £51 million fund to support founders in the early stages of companies operating...

Sweden’s Central Bank Warns Banks of Legislative Action to Ensure Cash Accessibility

Sweden's Riksbank is warning banks about the possibility of regulation to ensure businesses retain access to cash services. In a written response to an inquiry...

Revolut Sets the Stage for AI Assistants, ATMs, and Mortgages by 2025

Revolut has announced its plans for 2025, highlighting the introduction of an AI assistant, mortgages, ATMs, and a business credit product. At a glitzy event...

Citi COO Takes Charge of Data Overhaul Amidst $136 Million Fine

Citigroup has reassigned chief operating officer Anand Selva, reducing his oversight of data compliance following the bank's imposition of $136 million in fines for failing...

Fraud: The Primary Challenge in Accounts Payable Automation

The first day of AFP, the conference for finance and treasury professionals in Nashville, Tennessee, began with a discussion led by Mike Watercott, CTP, a...

UK Banks Celebrate Regulated Liability Network Trials

The UK's largest banks have successfully concluded the experimentation phase of a Regulated Liability Network (RLN), highlighting various advantages that a financial market infrastructure for...

EPI Welcomes 14 Million Users to the Wero Wallet

The European Payment Initiative (EPI), a bank-backed project aimed at creating a competitor to Mastercard and Visa in Europe, has achieved notable milestones with 14...

Fero Introduces Embedded Personalization E-Commerce Tool in the UK

Dutch fintech Fero has introduced Checkout Companion, a personalization e-commerce tool tailored for Shopify-based businesses in the UK. The startup aims to assist merchants in...

Standard Chartered Pours Investment into Crypto-Asset Platform One Trading

Standard Chartered's investment arm, SC Ventures, has participated in a funding round for the European crypto-asset exchange One Trading. The funding round also included existing...

Revolut’s Storonsky Sells $300 Million Worth of Company Stock

Founder and CEO of fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company. In June...