February 2025 – Page 34

Danske Bank Explores Quantum Communication for Data Transmission

Danish researchers have announced a significant advancement in IT security, successfully utilizing quantum communication to transfer data between computers at Danske Bank. The research team...

DNB Ventures Backs Fintech Startup Receipts

Oslo-based fintech startup Receipts, which focuses on creating connections between banks and merchants for digital receipts, has successfully raised €1.7 million in a funding round...

24% of People Believe the UK Banking Industry is Struggling

A YouGov poll has found that only 32% of respondents believe the UK banking sector is in a good state. This survey comes in the...

Worldpay Acquires Fraud Prevention Platform Ravelin

Payments giant Worldpay has reached an agreement to acquire Ravelin, an AI-native enterprise fraud prevention platform. The financial details of the deal have not been...

UK Merchants Advised to Prepare for Upcoming SCA Implementation

With the UK set to officially implement Strong Customer Authentication (SCA) rules, vendor Forter is alerting merchants that issuing banks are already applying soft declines...

Cashfree Payments Secures $53 Million in Funding

India's Cashfree Payments has secured $53 million in a funding round led by Korean digital entertainment platform Krafton, with participation from existing investor Apis Partners....

FICO to Incorporate BNPL Data into Credit Scoring Models

Following a year-long study with Affirm, Fico plans to integrate buy now, pay later (BNPL) data into its credit scoring system. BNPL loans have gained...

Fraud Victims Lose £28,000 to Bank Transfer Scams Every Hour

Victims of bank transfer scams are losing more money every hour than the average UK worker earns in a year, according to research from Which?....

SEB and Crédit Agricole Introduce Eco-Friendly Blockchain Bond Platform

SEB and Crédit Agricole CIB are launching so|bond, a sustainable platform for digital bonds that utilizes blockchain technology to reward participants for enhancing their environmental...

Australia’s Banks Call on Parliament to Regulate Mobile Wallets

Australia's banks are calling on the government to promptly pass legislation to ensure that the country’s payments regulatory framework remains suitable as digital payments continue...