2024 – Page 16 – FintechDaily

OCBC Plans $500 Million Investment in New Innovation Hub

South East Asia's second-largest bank, OCBC, has announced a $500 million investment in the Punggol Digital District (PDD). This includes the establishment of a new...

Spike in Customer Complaints Regarding Fraud Reimbursement by Revolut

The UK's Financial Ombudsman has reported a 35% increase in customer complaints regarding denied reimbursement requests for scam thefts from Revolut. According to data obtained...

Stripe Acquires Stablecoin Platform Bridge for $1.1 Billion

Stripe has announced its agreement to acquire the stablecoin platform Bridge in a deal valued at approximately $1.1 billion. Following rumors of the acquisition last...

Fintech Farm Secures $32 Million for Its ‘Neobank in a Box’ Startup

Fintech Farm, a London-based startup dedicated to assisting banks in emerging markets with the launch of all-digital neobanks, has successfully raised $32 million in funding....

US Chamber of Commerce Sues CFPB Over Delayed Credit Card Fees

The US Chamber of Commerce has initiated a lawsuit against the Consumer Financial Protection Bureau (CFPB), aiming to prevent the agency from enforcing a new...

NeoXam Set to Acquire EZOPS

French software company NeoXam has announced its plans to acquire EZOPS, a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting technology. NeoXam...

Westpac Takes On Impersonation Scams with ‘SafeCall’ Initiative

Westpac has partnered with telecommunications company Optus to launch a new verified in-app calling feature aimed at combating bank impersonation scams. The initiative, known as...

HSBC Introduces Virtual EUR and GBP Accounts for International Merchants

HSBC has launched a new cross-border virtual account proposition for banks globally, allowing merchant business customers trading on e-commerce platforms to receive EUR and GBP...

CommBank’s x15 Ventures Launches Truyu Digital ID App

In the week when the Australian Federal Government announced a commitment of $288 million to enhance digital ID and combat identity theft, CommBank's venture scaling...

Court Orders Klarna to Pay $733,000 for GDPR Violations

Klarna has been ordered to pay a fine of approximately 7.5 million SEK (around $733,000) for breaching the EU's General Data Protection Regulation (GDPR), as...