Tag: Regulation
Europe fintech funding round-up: Aria, AbbeyCross, Salv and more
Aria Funding:
French fintech Aria, aiding businesses in instant payments, secures €15 million in funding.
Led by 13books Capital, with participation from Adevinta...
ICYMI fintech funding round-up: Nearpay, Supra, Hyperplane and Pave Bank
Nearpay's Series A Funding:
Saudi fintech Nearpay secures $14 million in Series A funding.
Sanabil Investments leads the funding round, with participation from...
Reserve Bank of India outlines plans for new fintech repository and cloud facility for FS firms
Fintech Repository and Cloud Facility:
RBI plans to establish a fintech repository and a new cloud facility.
Fintech repository to capture essential information...
Canapi Ventures reveals new $750m fund to support US fintech entrepreneurs
Canapi Ventures, a US-based VC firm backed by 70 American financial institutions, raises $750 million in its latest fund, bringing total assets under...
Elemi Bank applies to FDIC and seeks $25m in capital to launch corporate offering
Elemi Bank, a new US banking challenger, is progressing towards launch with a recent filing with the FDIC.
Based in Burbank, California, Elemi...
US OCC highlights key risks to federal banking system in latest report
AI Risks Warning
The OCC's Fall 2023 report warns banks of "significant challenges" due to the rise of artificial intelligence (AI) in financial...