January 2025 – Page 52

Central Banks Set to Test FX Settlements Using wCBDC

The Bank for International Settlements (BIS) is launching Project Rialto to investigate enhancements to instant cross-border payments. This initiative implements a modular foreign exchange component...

Global Banks Partnering with Fintechs to Enhance Customer Experience

According to research by East & Partners for Finastra, three out of four global banks intend to connect with an average of three fintech startups...

UK Trials ‘Super ATM’ Capable of Accepting Deposits for Multiple Banks

The UK's Link ATM network is piloting a new type of cash machine that can accept deposits for several banks. The first machine is operational...

Barclays Launches Government-Funded Support Initiative for UK Tech Sector

Barclays Eagle Labs has officially launched its government-funded two-year support program aimed at assisting UK tech businesses. Earlier this year, Barclays received a £12 million...

Man Arrested for Using Dummy with taped Photos in Mobile Banking Facial Recognition Scheme

Brazilian police have arrested a man accused of manipulating mobile banking facial recognition technology by taping photos of victims’ faces onto dummies to secure loans...

Visa Explores Generative AI to Improve Tokenization

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced that the company has generated $40 billion in incremental...

Amex Ventures Launches $78M Fintech Fund After Thorough Vetting

A group of three former managing directors from Amex Ventures has raised $78 million for their inaugural fund focused on supporting early-stage fintech startups. Vesey...

BitGo Expands into Private Securities Sector with Acquisition of Brassica

Crypto custody specialist BitGo has acquired Brassica, a fintech firm that provides backend infrastructure services for private securities and alternative investments. Financial terms of the...

PayPal Agrees to $2 Million Cybersecurity Settlement with New York Regulators

PayPal has agreed to pay $2 million to settle charges from New York State regarding cybersecurity failures that resulted in the exposure of customers' social...

Super.com secures $85 million for its savings super app

Super.com, an all-in-one savings platform, has successfully raised $85 million in debt and equity to develop a super app akin to WeChat. The Series C...