January 24, 2025 – FintechDaily

Bank-Supported DLT-Driven CBDC Initiative Project MBridge Achieves MVP Milestone

The Bank for International Settlements (BIS) has announced that its multi-central bank digital currency (CBDC) platform, Project mBridge, has reached the minimum viable product (MVP)...

Banking Technology Startup Plumery Secures $4.5 Million in Funding

Plumery, a startup specializing in component-based banking technology and founded by Ben Goldin, the former CTO and CPO of Mambu, has successfully secured $4.5 million...

Collaborative Approaches to Shaping the Future of Fraud Prevention in PaaS

The second day of EBAday 2023 focused on the prominent topic of Payments as a Service (PaaS) and highlighted essential preventative measures to safeguard PaaS...

Peru Adopts India’s UPI Technology

Peru has partnered with NPCI International Payments to establish a real-time payments system modeled after India's UPI. The Central Reserve Bank of Peru has signed...

Credora Secures $6 Million to Enhance Transparency in Credit Markets

S&P Global and Coinbase Ventures have participated in a $6 million funding round for Credora, a startup that specializes in privacy-preserving technology for real-time credit...

Nasdaq Private Market Secures $62.6 Million in Funding

Nasdaq Private Market (NPM) has successfully secured $62.6 million in its Series B funding round, attracting investment from several prominent banks. The funding round was...

Mizuho to Implement Generative AI for Workforce Enhancement

Japanese bank Mizuho has made Microsoft’s OpenAI platform accessible to its 45,000 employees. As reported by Bloomberg, this technology will help accelerate the bank’s digital...

Wirecard CEO Braun’s Lawyers Cease Work Over Insufficient Funds

Markus Braun, the former CEO of Wirecard, is now dependent on state-provided legal representation after his previous lawyer resigned due to a lack of funds....

IDPartner Secures $3.1 Million for Bank-Integrated ID Verification Solution

IDPartner, a startup focused on online identity verification through a network of financial institutions, has secured $3.1 million in a seed funding round led by...

Mastercard Leverages Open Banking to Simplify Account Opening and Updates

Mastercard has enhanced its Open Banking platform to allow users to automatically switch their direct deposits and update recurring bill payments when opening or updating...