FintechDaily – Page 371 – Fresh Dose of Fintech News

Qatar’s Karty Secures $2 Million for Digital Wallet Development

Qatari digital wallet startup Karty is preparing for its launch following the acquisition of over US$2 million in seed funding. Karty aims to provide an...

Canadian Fintechs Initiate Public Campaign for Open Banking

Some of Canada's largest fintech companies have launched a campaign to garner public support for government action on open banking and payments modernization. Industry group...

Central Banks Aim to Integrate Compliance Standards into Real-Time Transactions

The Bank for International Settlements, in collaboration with the central banks of Australia, Korea, Malaysia, and Singapore, is investigating the integration of regulatory requirements into...

Contactless Payments Surge in Popularity Among Canadian Shoppers

The number of contactless payments in Canada saw a 17% increase in 2023, making up 63% of all in-store transactions. According to the Canadian Payments...

Could Metro Bank be the next banking failure of 2023?

Metro Bank has faced significant challenges recently. The UK challenger bank's announcement of plans to raise up to £600 million from investors led financial regulators...

Ofcom to Investigate Amazon Web Services and Microsoft Cloud Duopoly

Historically, financial institutions faced the challenge of choosing between AWS, Google Cloud, and Microsoft Azure for their workloads due to availability constraints. However, with smaller...

Komainu Receives FCA Approval for Crypto Registration

Komainu, a digital asset custodian joint venture between Nomura, CoinShares, and Ledger, has received crypto registration from the UK's Financial Conduct Authority. The company has...

FCA Sends 146 Alerts to Non-Compliant Firms on Inaugural Day of New Crypto Asset Promotion Rules

The UK's Financial Conduct Authority (FCA) has issued 146 alerts regarding cryptocurrency asset promotions on the first day new regulations took effect to oversee the...

Accelerating Change: Strategies to Disrupt Inertia

Kicking off Sustainable Finance Live 2023 at Events@no6 in London, Richard Peers, founder of ResponsibleRisk, emphasized this year's goal: uniting individuals who share a passion...

Webull Introduces Access to Savings Marketplace

Digital investing platform Webull has introduced Webull Savings, a new service that enables users to access a marketplace of savings accounts and facilitates quick fund...