FintechDaily – Page 374 – Fresh Dose of Fintech News

FCA Reveals Insufficient Implementation of Disciplinary Policies Among Firms

The Financial Conduct Authority (FCA) has reported an increase in workplace complaints from 2021 to 2023, according to its non-financial misconduct survey. The survey gathered...

Truist Bank Executive Shares Insights on Delighting Customers Through Speed and Simplicity

Truist Bank, ranked among the top 10 banks in the United States and 67th globally with assets totaling $535 billion, seeks to differentiate itself in...

2024 FOS Reports Reveal Soaring Banking and Credit-Related Financial Complaints

The Financial Ombudsman Service (FOS) reported a 40% increase in complaints during the first half of 2024 compared to the same period in 2023. This...

KPay Raises $55 Million in Series A Funding

Singapore's KPay Group has successfully completed its first institutional funding round, raising a remarkable US$55 million, marking the largest Series A in the payments sector...

Fintech Angel Fund Rerail Reaches $20 Million Funding Goal

Rerail, an angel fund dedicated to fintech startups, has successfully raised a $20 million fund. Founded by former Anthemis, Speedinvest, and Cocoa professional Anthony Danon,...

AI: Introducing the Speakers

Join us for Finextra’s inaugural NextGen: AI event in London next month, where we will redefine the role of AI in financial services. With just...

UK Chancellor Introduces Reforms for Pensions and Sustainable Finance

UK Chancellor Rachel Reeves has announced a financial services strategy set to launch in March 2025, aimed at fostering growth and enhancing the fintech and...

Confirmation of Payee Now Applies to Nearly All Transactions in the UK

Confirmation of Payee in the UK now covers nearly 99% of all transactions conducted through Faster Payments and CHAPS, following the integration of this fraud-prevention...

FCA Imposes £350,000 Fine on Wise CEO Käärmann for Violating Senior Manager Conduct Rules

Wise CEO Kristo Käärmann has been fined £350,000 by the FCA for failing to promptly report a default on his tax bill. In February 2021,...

Central Banks Demonstrate the Value of Integrating Compliance in Cross-Border Transactions

The Bank for International Settlements (BIS), in collaboration with central banks from Australia, Korea, Malaysia, and Singapore, has successfully showcased the feasibility of integrating regulatory...