2025 – Page 241 – FintechDaily

Federal Reserve Introduces Toolkit for Banks to Tackle Synthetic Identity Fraud

US banks incurred $20 billion in losses due to synthetic identity fraud in 2020, according to new data from the Federal Reserve. To aid banks...

Sardine Secures $19.5 Million to Assist Fintechs in Combating Fraud

Sardine, a behavior-based fraud and compliance platform for fintechs developed by veterans from Coinbase, Revolut, and PayPal, has successfully raised $19.5 million in a Series...

More Wall Street Giants Support Versana’s Syndicated Loan Platform

Deutsche Bank, Morgan Stanley, US Bank, and Wells Fargo have become the latest supporters of Versana, participating in a $40 million capital raise for the...

OCBC Introduces Account Kill Switch Amid Rising Phishing Scam Threats

Following a surge in SMS phishing attacks, OCBC Bank has introduced a kill switch feature that allows customers to instantly freeze their current and savings...

LeapXpert Secures $22 Million for Financial Services Messaging Platform

Business communications vendor LeapXpert has successfully raised $22 million in a Series A+ funding round led by Rockefeller Asset Management through its Technology Ventures Group....

JPMorgan Leverages Quantum Network for Enhanced Blockchain Security

Researchers from JPMorgan Chase, Toshiba, and Ciena have developed a quantum key distribution (QKD) network designed to secure blockchain applications against potential quantum attacks. The...

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...