M2P Fintech's recent achievement, securing $102 million in Series D funding led by Helios Investment Partners, marks a significant milestone for the company and the world of financial technology. This impressive influx of capital pushes the company's valuation to over $783 million,
The European Union (EU) has taken a significant step forward in corporate sustainability with the introduction of its new Corporate Sustainability Reporting Directive (CSRD). This directive mandates companies to conduct a 'double materiality' assessment, marking a transformative shift in
Banking-as-a-Service (BaaS) has surged in popularity within the fintech landscape, allowing non-banking businesses to offer financial products by leveraging infrastructure from licensed financial institutions. However, the current regulatory environment in the U.S. poses significant challenges,
Choosing the right core banking solution has never been more crucial for financial institutions. As banks navigate the dual pressures of adopting artificial intelligence (AI) and migrating to cloud-native technologies, the need to modernize their core systems becomes evident. Recent findings from a
The financial behavior of Malaysian consumers is under scrutiny as a growing number of individuals resort to inflating their income information on loan applications. Known as 'liar loans', these fraudulent practices have raised concerns among financial experts and institutions. With
In a significant blow to its financial and reputational standing, Citigroup has been fined $135.6 million due to its ongoing compliance failures in data management and internal control systems. This hefty penalty, imposed by two major U.S. regulatory entities - the Office of the Comptroller of the
One of the critical challenges that leading fintech companies like PayPal, Square, Google, and many others face in this digital age is fraud. Traditionally, fraud detection relies on each company analyzing its own user data in a centralized manner. These systems often lack visibility into fraud
The advent of blockchain technology has heralded a new era for digital finance, with its potential to revolutionize asset management capturing widespread attention. Proponents argue that blockchain, or distributed ledger technology, promises greater efficiency, transparency, and security, reshaping
The imminent threat quantum computing poses to existing cryptographic methods has prompted the Monetary Authority of Singapore (MAS) and the Banque de France (BdF) to join forces in a pioneering project aimed at safeguarding financial communications and data. By leveraging post-quantum cryptography
The recent collapse of Synapse Financial Technologies has sent shockwaves through the fintech industry, raising urgent questions about the adequacy of current financial regulations. Despite clear warnings about potential risks from the Treasury Department, regulatory frameworks have failed to keep
