FintechDaily – Page 59 – Fresh Dose of Fintech News

Infinox Faces Initial Transaction Reporting Penalty Under MiFIR Regulations

The FCA has imposed its first fine for transaction reporting failures related to MiFIR regulations. Infinox Capital has been fined £99,200 for not submitting 46,053...

SteelEye Secures $21 Million in Series B Funding

SteelEye has successfully raised $21 million in a Series B funding round, marking the largest RegTech raise by a European firm in 2022. The round...

Fintechs Label Hong Kong as ‘Uncompetitive’

A recent survey of fintech executives has deemed Hong Kong uncompetitive compared to other global financial centers. Conducted by Google in partnership with financial consultant...

CFPB Imposes $2.5 Million Fine on Wise

Money transfer platform Wise has been penalized $2.5 million by the Consumer Financial Protection Bureau (CFPB) for misleading customers regarding fees and charges. The CFPB...

iPiD Secures $3.3 Million for Its International Payments Solutions Platform

International payments addressing platform iPiD has secured $3.3 million in seed funding and appointed Alain Raes, a former executive at Swift, as its chief commercial...

Robinhood Appoints CEO Ahead of UK Launch

American stock trading app Robinhood has appointed Jordan Sinclair, a Freetrade executive, to spearhead its renewed plans for a launch in the UK. Sinclair has...

UK Fintech Job Market Experiences Significant Growth

The UK fintech sector saw a remarkable 44% increase in job vacancies in 2024, driven by venture capital investment and advancements in AI, as highlighted...

BofA Secures Hundreds of Patents

Bank of America achieved a remarkable milestone, securing a record 341 US patents in the first half of 2022, which marks a 50% increase compared...

Berlin-based Fintech Startup Justhome Secures €3.3 Million in Funding

Justhome, a home financing startup based in Berlin, has successfully raised €3.3 million in a funding round led by Target Global. APX, the early-stage fund...

Oxbury Secures £25 Million as It Approaches Breakeven Point

Agricultural challenger bank Oxbury has secured £25 million in Tier 2 capital funding as it anticipates reaching breakeven by the end of the year. The...