US Federal Reserve unveils climate risk exercise for big banks
The US Federal Reserve has released details for its first climate scenario analysis exercise for the six largest US banks.
Truelayer joins SEPA payment account access scheme: a new era for EU payments
TrueLayer has become the first participant in the SEPA Payment Account Access Scheme (SPAA).
Saudi FinTech innovator Nearpay secures $14m in Series A funding
Nearpay, a Saudi FinTech startup specialising in payment infrastructure as a service, has achieved a milestone of raising $14m funding.
NYC-based AI model startup Fantix secures $1.6m in funding
Fantix, a NYC-based privacy safe AI model development startup, has successfully raised $1.6m in its maiden funding round.
NatWest’s Mettle integrates with FreeAgent for seamless tax calculations
Mettle, the free business bank account crafted for the self-employed by NatWest, has stepped up its game by incorporating the award-winning accounting software, FreeAgent's,...
Cybersecurity firm GuidePoint Security secures notable growth capital
GuidePoint Security, a prominent figure in the realm of cybersecurity, has successfully completed its recent round of funding.
Seven key insights into the US’s beneficial ownership reporting requirements
In a stride towards combating financial crimes, the US introduced the CTA, designed to peel back the layers of secrecy often associated with business entities.
Monzo eyeing expansion with potential Lunar acquisition
As the digital banking landscape continues to evolve, British-based Monzo Bank has entered preliminary discussions about a potential acquisition of the Nordic lender, Lunar Group. This information was relayed by an anonymous source privy to the ongoing talks.
Rainbow secures $12m for small business insurance innovation
Rainbow, a digital managing general underwriter specialising in small business insurance, has recently secured a significant $12 million in seed funding. According to FinTech...
The role of AI in revolutionising KYC processes in 2024
In a recent post by Encompass Corporation, the firm outlined what will be the future of the KYC industry in 2024.