FintechDaily – Page 444 – Fresh Dose of Fintech News

Financial Management App IN1 Secures $6M in Funding

IN1, a financial management app for fiat and cryptocurrency, has successfully secured $6 million in seed funding. The app enables users to manage all their...

Regulator Demands Wells Fargo Address AML Shortcomings

Shares in Wells Fargo dropped on Thursday following the bank's signing of a formal agreement with the Office of the Comptroller, which commits it to...

Banks Called to Take Immediate Action to Prevent Future Quantum Catastrophe

Banking regulators have alerted the financial industry to begin developing plans to mitigate quantum computing risks immediately. A report by the G7 Cyber Expert Group...

53% of APP Victims Expressed Satisfaction with Their Bank’s Response

To mark International Fraud Awareness Week, the Payments System Regulator (PSR) has released research highlighting the impact of Authorised Push Payment (APP) fraud on UK...

Outward VC Secures £51 Million for New Fintech Fund

Outward VC, a London-based early-stage venture capital fund, has successfully closed a £51 million fund to support founders in the early stages of companies operating...

Sweden’s Central Bank Warns Banks of Legislative Action to Ensure Cash Accessibility

Sweden's Riksbank is warning banks about the possibility of regulation to ensure businesses retain access to cash services. In a written response to an inquiry...

Revolut Sets the Stage for AI Assistants, ATMs, and Mortgages by 2025

Revolut has announced its plans for 2025, highlighting the introduction of an AI assistant, mortgages, ATMs, and a business credit product. At a glitzy event...

Citi COO Takes Charge of Data Overhaul Amidst $136 Million Fine

Citigroup has reassigned chief operating officer Anand Selva, reducing his oversight of data compliance following the bank's imposition of $136 million in fines for failing...

Fraud: The Primary Challenge in Accounts Payable Automation

The first day of AFP, the conference for finance and treasury professionals in Nashville, Tennessee, began with a discussion led by Mike Watercott, CTP, a...

UK Banks Celebrate Regulated Liability Network Trials

The UK's largest banks have successfully concluded the experimentation phase of a Regulated Liability Network (RLN), highlighting various advantages that a financial market infrastructure for...