FintechDaily – Page 417 – Fresh Dose of Fintech News

Airwallex Engaged in Funding Discussions Valued at $6 Billion

Singapore-based payments firm Airwallex is reportedly in discussions to raise $200 million at a valuation of $6 billion, according to Bloomberg. Founded in Australia in...

Chase Becomes the First Bank in the Lower 48 States—What’s Next?

Andrea Principe, managing director of the Northeast division for consumer banking at Chase, spoke at the Future Branches conference in Boston about the challenges facing...

Bank of England Alerts Payment Firms to Prepare for New Operational Resilience Regulations

Payment firms have been alerted by the Bank of England to enhance their preparations for new 'operational resilience' standards set to take effect next year....

Exploring the Latest Immersive Trends in Payment Technology

Artificial intelligence (AI) and cloud computing are quickly transforming the operations of payment service providers (PSPs). At EBAday 2023, Claudia Olsson, CEO and founder of...

Blockchain Researchers Leverage AI to Detect Bitcoin Money Laundering

Researchers from Elliptic, IBM Watson, and MIT have leveraged AI to uncover money laundering activities on the Bitcoin blockchain. In 2019, Elliptic, a blockchain analytics...

Digital Token Identifier for Monitoring Crypto-Derivative Risks Across G20 Nations

The Digital Token Identifier Foundation (DTIF) has announced plans to deploy its Digital Token Identifier (DTI) for regulatory reporting of digital asset derivatives trades across...

Payments Processor BlueSnap Agrees to $10 Million Settlement with FTC

BlueSnap and its former CEO have reached a settlement with the Federal Trade Commission (FTC) after being accused of knowingly processing payments for deceptive and...

Wells Fargo Launches Paze Online Checkout Feature for Customers

Wells Fargo is the latest lender to introduce Early Warning Service's Paze online checkout option for its debit and credit card customers. Wells Fargo customers...

MiddleGame Ventures Secures Funding for New Fintech Initiative

MiddleGame Ventures (MGV), a Luxembourg-based investment firm specializing in fintech startups, has successfully raised a new fund aimed at early-stage investments in Europe. The fund...

FCA Chief Invited to UK Parliament to Discuss ‘Naming and Shaming’ Initiatives

The head of the Financial Conduct Authority (FCA) has been called to parliament to explain why work on the regulator's 'naming and shaming' proposal is...