FintechDaily – Page 58 – Fresh Dose of Fintech News

UK Mandates Crypto Exchanges to Report Violations of Sanctions

Crypto exchanges operating in the UK will encounter heightened reporting requirements regarding sanctions breaches following new regulations implemented in response to Russia's war in Ukraine....

Arc, a Startup Finance Platform, Secures $20 Million in Funding

San Francisco-based startup finance platform Arc has secured $20 million in a funding round led by Left Lane Capital. Founded in 2021, Arc transforms startups'...

Emirates NBD Launches Metaverse Startup Accelerator

Emirates NBD, in collaboration with the Dubai International Financial Centre (DIFC) Fintech Hive and Microsoft, is launching an accelerator programme specifically for metaverse startups. This...

Iceberg Data Lab Unveils AI Assistant for ESG: Meet ‘Barbatus’

Green fintech company Iceberg Data Lab has introduced a new product that utilizes generative AI technology to generate real-time, text-based, and fully sourced explanations in...

N26 Launches Campaign to Combat Phishing Scams

Digital transformation in the financial industry has triggered a significant increase in global phishing scams and cyber-attacks. To safeguard consumers from fraud, banks must enhance...

Citi Makes Investment in Belvo, a Latin American Open Finance Company

Citi Ventures has become the latest prominent investor in Belvo, an open finance API platform based in Mexico City. This investment comes alongside Visa, which...

Starling Issues Response to UK Government Report on Alleged BBLS Fraud

The UK Government has confirmed that out of the £47 billion distributed through the Bounce Back Loan (BBL) scheme, £1.1 billion of these loans are...

Aussie Buy-to-Earn Startup Hello Clever Secures A$4.5 Million Funding

Hello Clever, an Australian 'buy-to-earn' startup that provides shoppers with real-time cashback, has successfully raised A$4.5 million in seed funding. The funding round was led...

US Online Trading Platforms Debut in the UK

The UK's retail trading platform market has become increasingly competitive with the introduction of two new US ventures. Webull Securities has debuted its retail brokerage...

SMFG Set to Unveil Digital Consumer Bank in the U.S.

Sumitomo Mitsui Financial Group (SMFG) is set to launch a new standalone digital bank in the United States. Jenius Bank will function as a division...