FintechDaily – Page 422 – Fresh Dose of Fintech News

ICE Penalized $10 Million for Delayed Disclosure of Cyber Intrusion

The Intercontinental Exchange (ICE) has been fined $10 million due to its subsidiaries, including the New York Stock Exchange (NYSE), failing to promptly report a...

Informed Insights: The £1 Trillion Opportunity

With H1 profits and revenue on the rise, money movement firm Wise has set its ambitions on surpassing the billion-pound transaction processing threshold and facilitating...

Klarna Calls CFPB BNPL Regulation ‘Confusing’

The US Consumer Financial Protection Bureau's recent rule regarding buy now, pay later (BNPL) lenders has elicited a mixed response from industry participants. Affirm has...

Progress Made in Ethereum ETF Approval Following SEC Announcement

The US Securities and Exchange Commission (SEC) has approved rule changes to facilitate the launch of eight exchange-traded funds (ETFs) focused on Ethereum. This development...

Former Citi Employee Sues for Wrongful Termination, Claims Bank Concealed Data from Regulators

A former managing director at Citigroup is suing the bank and its COO for unlawful termination, claiming she was dismissed for refusing to provide regulators...

Chime Acquires Employee Rewards Platform Salt Labs

Digital banking giant Chime has acquired employee rewards startup Salt Labs, although the financial details of the transaction remain undisclosed. Salt Labs and its team...

JPMorgan to Face $100 Million Penalty for Failing to Monitor Client Orders

JP Morgan will pay $100 million to settle a CFTC investigation that found the bank did not adequately monitor billions of client orders from 2014...

Visa to Integrate with QR Code Initiatives Across the Asia Pacific Region

Visa is partnering with various QR payments providers to facilitate cross-border payments in the Asia Pacific region. Lakala in Mainland China, Touch 'n Go Digital...

Deedster, a fintech focused on climate action, raises SEK 50 million in funding

Stockholm-based sustainability fintech Deedster has secured a SEK 15 million investment round led by Wellstreet. Deedster's SaaS platform provides personalized sustainability data and guidance to...

Lloyds Establishes Anti-Scam Task Force to Combat Fraudulent Websites

Lloyds has established an anti-scam working group aimed at addressing the issue of counterfeit websites.