March 2025 – Page 18 – FintechDaily

Nubank Collaborates with OpenAI to Enhance Customer Experience

Brazil's Nubank is collaborating with OpenAI to enhance services and features for its 114 million customers. The digital banking giant initially partnered with OpenAI to...

US Consumer Fraud Losses Exceed $12.5 Billion in 2024

Americans experienced losses exceeding $12.5 billion due to fraud in 2024, marking a 25% increase compared to the previous year, according to data from the...

Eurosystem Launches SEPA-Wide Voice Payment Scheme

The central banking system of the Eurozone is set to introduce a Verification of Payee (VoP) service for payment service providers (PSPs) within the Single...

North Korean Cybercriminals Make Off with $300 Million from ByBit Theft

North Korean hackers have successfully cashed out $300 million from the record-breaking $1.5 billion crypto heist of ByBit Exchange. Experts indicate that the notorious Lazarus...

Synctera Secures $15 Million in Funding for Its BaaS Platform

Banking-as-a-Service provider Synctera has secured $15 million in funding and signed on online checkout leader Bolt as a client. Founded in 2020, Synctera was established...

FCA Pursues Regulatory Clarity on Underwhelming AI Adoption by UK Banks

The FCA will host a roundtable with banking industry leaders to address concerns that strict compliance requirements are hindering investment in artificial intelligence. According to...

Visa Reports New Anti-Scam Unit Prevented $350 Million in Fraud Attempts

Visa has announced that its newly-established scam disruption practice successfully prevented over $350 million in attempted fraud in 2024. The department, which operates under Visa...

UK Government Announces Plans to Eliminate Payment Systems Regulator

The UK Government has announced its intention to abolish the Payment Systems Regulator (PSR) in an effort to reduce regulatory burdens and stimulate economic growth....

Introducing the Initial 10 Speakers for NextGen Nordics

The Nordic payments ecosystem stands out as one of the most innovative and forward-thinking globally. As digital payments evolve and reshape the financial landscape, expert...

Zocks Secures $13.8M to Enhance AI-Powered Client Intelligence for Financial Advisors

Zocks, an AI-driven client intelligence platform for financial advisors, has successfully raised $13.8 million in a Series A funding round led by Motive Ventures. Additional...