2024 – Page 17 – FintechDaily

Revolut secures funding from UAE sovereign wealth fund

Challenger bank Revolut has seen its valuation soar to $45 billion following Mubadala's acquisition of a stake in the company. According to the Financial Times,...

European Fintechs Anticipate Business Growth in the Coming Year

Optimism is returning to Europe's fintech sector, according to new research from MHP Group, which reveals that more than three quarters of firms anticipate growth...

Inviting Early-Stage Startups to Present Their Products

The 19th edition of EBAday, the premier annual European event for payments and transaction banking, will take place on June 18th and 19th, 2024, at...

UK Poised to Transition to T+1 in 2027 Independently of the EU

The UK plans to implement a T+1 settlement cycle for securities trades by the end of 2027, regardless of whether the European Union adopts the...

Singapore Issues Warning About Increase in Impersonation Scams

Police and banking authorities in Singapore are issuing warnings about a sophisticated impersonation scam that defrauded victims of $10.6 million in June alone. In this...

Green Dot Introduces New Embedded Finance Brand

Digital bank and fintech provider Green Dot has introduced an embedded finance brand and platform of services called Arc. This new unit integrates secure banking...

Mastercard selects new group of crypto and blockchain Start Path companies

Mastercard has added five new companies to its Start Path startup program, which focuses on the cryptocurrency and blockchain sectors. Launched in 2021, the crypto...

PSR Stays Firm on APP Fraud Reimbursement Model

As the banking industry prepares for new regulations regarding compensation for authorized push payment (APP) fraud victims, the Payment Systems Regulator (PSR) has released data...

Rising Global Demand for Interpol’s I-GRIP Tool from Multiple Countries

Australia, Canada, Japan, Korea, and Spain were among the countries expressing interest in using Interpol’s Global Rapid Intervention of Payments (I-GRIP) system, as noted by...

Wefox Alerts Shareholders About Potential Insolvency

Insurance unicorn Wefox has issued a warning to investors about a potential insolvency due to ongoing financial losses and regulatory challenges. In a memo to...