January 2025 – Page 7

Neobank for Migrants Majority Secures $30M in Series B Funding

Majority, the mobile banking service designed for migrants in the US, has successfully raised $30 million in Series B funding, led by Valar Ventures. Additionally,...

Wio Introduces ‘Platform Bank’ in the UAE

Wio Bank has officially launched as the first "platform bank" in the UAE, introducing apps, embedded finance, and BaaS (Banking as a Service) offerings to...

Banks Gear Up for Cybersecurity Showdown to Foster Awareness

To commemorate Cybersecurity Awareness Month in the US this October, financial institutions are organizing a variety of tournaments and events aimed at highlighting important cybersecurity...

Sardine Secures $51.5 Million for Its Fintech Fraud Prevention Platform

Sardine, a behavior-based fraud and compliance platform for fintechs, has successfully raised $51.5 million in a Series B funding round, which was led by Andreessen...

Higlobe Secures $14 Million to Launch Stablecoin-Powered Money Transfer Service

Higlobe, a US startup founded by a former executive from Google and Spotify, has successfully raised $14 million to develop a subscription-based cross-border money transfer...

SCA Has Resulted in a Decrease in Online Card Fraud

Two hundred days after the mandatory implementation of Strong Customer Authentication (SCA) in the UK, 73% of retailers report a decline in online payment fraud,...

RBCx and RBC Ventures Unite

The Royal Bank of Canada is merging its tech banking and innovation division, RBCx, with its technology investment group, RBC Ventures. Under the RBCx brand,...

Mastercard to Launch ‘Quantum Resistant’ Contactless Cards

Mastercard has approved the first cards for issuers that comply with the new EMVCo contactless specifications, which are designed to safeguard against attacks from both...

Stackwell Launches Robo-Investing App to Bridge the Racial Wealth Divide

Stackwell, a digital investment platform focused on the black community, has introduced its inaugural product: a robo-investing app designed to enhance accessibility, education, and support...

Tel Aviv Stock Exchange Partners with Fireblocks to Advance Digital Assets Strategy

The Tel Aviv Stock Exchange (Tase) is expanding its offerings by entering the digital asset market through a partnership with vendor Fireblocks. This strategic alliance...