2024 – Page 40 – FintechDaily

MoneyGram Stumbles Due to Cybersecurity Incident

MoneyGram has reported a "cybersecurity issue" that has resulted in an outage, preventing users from sending money for several days. On Saturday, the company announced...

Australia Invites Industry Engagement for CBDC Initiative

The Reserve Bank of Australia (RBA) is inviting industry participants to engage in the experimental research phase of a project focused on developing a wholesale...

How Gamification in Trading Apps Encourages Increased Risk-Taking

Gamification features like push notifications and prize draws utilized by trading apps can heighten users' risk-taking behaviors, according to research conducted by the Financial Conduct...

Fintech Accelerator Archie Expands Portfolio with Ekko and Wamo Addition

A new fintech "acceleration partner" led by Atom and Metro Bank co-founder Anthony Thomson has appointed its first two portfolio companies, supporting SME banking and...

Fed Unveils ScamClassifier Model

The Federal Reserve has introduced a new tool known as the ScamClassifier model, aimed at enhancing the payments industry's capabilities in scam reporting, detection, and...

Agicap Secures €45 Million in Series C Funding for Treasury Management Platform

French treasury management platform Agicap has successfully completed a €45 million Series C funding round, led by AVP. Founded in 2016, Agicap focuses on the...

Central Banks Need to Step Up in Response to AI Challenges

Central banks should leverage artificial intelligence to enhance their analytical capabilities in achieving financial and price stability, as highlighted by the Bank for International Settlements...

Digital Euro: Preserving Europeans’ Freedom of Payment Options

As Europe moves closer to the potential launch of a digital euro, the European Central Bank (ECB) is actively engaging with the public through various...

US RegTech Firm Norm Ai Secures $27 Million in Funding

Norm Ai, a US RegTech company specializing in converting regulations into computer code via an AI platform, has secured $27 million in Series A funding...

ABC Projektai Reclaims Banking License

In a significant ruling, the Court of Justice of the European Union (CJEU) has decided that ABC Projektai can regain their banking license, which was...