2024 – Page 9 – FintechDaily

Five Payment Stories You Might Have Missed in January 2024

This article highlights some of the most significant stories from the fintech world in January 2024. HSBC launched a competitor to Wise HSBC kicked off...

Evolve Bank Acknowledges Data Breach by Ransomware Group

Days after claiming responsibility for hacking the US Federal Reserve, the Russia-linked LockBit ransomware gang has released stolen customer data from Evolve Bank & Trust...

Worldline Enters Account-to-Account Payment Sector

Worldline is expanding its payment offerings by launching account-to-account payment services across ten European markets. 'Bank Transfer by Worldline' has been in pilot mode for...

China’s Central Bank Initiates $70 Billion Technology Lending Initiative

The People's Bank of China (PBoC) has rolled out a re-lending scheme aimed at enhancing the country's science and technology sector. As part of this...

Paytm Shares Dive Following RBI Restrictions

Indian payments giant Paytm has experienced a 20% decline in its share price for the second consecutive day, resulting in a loss of approximately $2...

Regtech Company DocStribute Secures £820k in Funding

Distributed Ledger Technology-based regtech company docStribute has successfully raised £820,000 in a pre-Series A funding round from a group of angel investors. London-based docStribute utilizes...

Bank of Spain Publishes Report Utilizing Satellite Data

The Bank of Spain has recently published a report highlighting the potential of satellite data in collecting climate-related information. The report details the challenges of...

MEPs Approve New Rules for Ten-Second Instant Transfers

The European Parliament has adopted new rules requiring that transferred funds reach the bank accounts of retail customers and businesses across the EU within ten...

Visa, Mastercard, JP Morgan, and Citi Among Companies Participating in US AI Safety Consortium

Over 200 organizations, including Nvidia, OpenAI, Apple, JP Morgan, and Amazon, have agreed to participate in the US AI Safety Institute Consortium (AISIC) as part...

Stripe Negotiates Acquisition of Stablecoin Platform Bridge

Payment firm Stripe is reportedly in advanced talks to acquire stablecoin platform Bridge, as cited by Bloomberg sources. After a six-year hiatus, Stripe re-entered the...