FintechDaily – Page 373 – Fresh Dose of Fintech News

Yonder, a startup focusing on card rewards, secures £23.4 million in funding.

Rewards credit card startup Yonder has successfully raised £23.4 million in its latest funding round, achieving a post-money valuation exceeding £100 million. The funding was...

US Regional Banks Participate in $18.7 Million Funding Round for ModernFi

US regional banks Huntington National, First Horizon, and Regions have participated in an $18.7 million Series A funding round for deposit network ModernFi. Led by...

UK Infrastructure Bank to Take a Central Role in HS2 Replacement Project

John Flint, chief executive of the UK Infrastructure Bank, addressed attendees at the Sustainable Finance Live 2023 conference, discussing the bank's involvement in the HS2...

CFPB Targets Bank ‘Junk Fees’

The Consumer Financial Protection Bureau (CFPB) is alerting major U.S. banks about the practice of charging excessive fees for basic customer services, such as providing...

Australia to Grant RBA Oversight of Apple Pay

Australia's government is planning to regulate digital wallet providers like Apple and Google similarly to other payment services. As mobile wallet usage continues to increase,...

CEO of Voyager Digital Hit with Fraud Lawsuit

The Commodity Futures Trading Commission (CFTC) has initiated a complaint in the US District Court for the Southern District of New York against Stephen Ehrlich,...

Visa and DTCPay Collaborate on Crypto-to-Fiat Card Solution

Singapore's dtcpay is collaborating with Visa to launch a card that allows ultra-high-net-worth individuals to convert their digital currencies, including stablecoins, into fiat currencies at...

UK Fintech Capital Investment in 2024: Well Above ‘Rock Bottom’

Innovate Finance recently hosted an event to unveil their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit...

Paytm Payments Bank Penalized for KYC Non-compliance

The Reserve Bank of India has imposed a fine of approximately $650,000 on Paytm Payments Bank for deficiencies related to Know Your Customer (KYC) regulations....

SEC Chair Cautions That AI Might Trigger Financial Crisis

In a recent interview with the Financial Times, Securities and Exchange Commission (SEC) head Gary Gensler cautioned that artificial intelligence (AI) could lead to a...