2025 – Page 339 – FintechDaily

Venmo, Zelle, and Cash App Expose Users to Fraud Risks

Manhattan's district attorney has urged the companies behind Venmo, Zelle, and Cash App to enhance their security measures due to a rise in fraud incidents....

Perenna Launches Waitlist for $52 Million Fundraise

UK mortgage lending startup Perenna has successfully raised $52 million shortly after obtaining an unrestricted banking license. Last year, Perenna secured a restricted banking license...

FE fundinfo Purchases German Fintech Company Dericon

FE fundinfo, a financial data platform serving the asset management sector, has acquired the German WealthTech firm Dericon. This marks FE fundinfo's seventh acquisition within...

Swedish Central Bank Reports Ransomware Attack on IT Firm to Authorities

Sweden's Riksbank has reported a ransomware attack on Tietoevry, a software firm, which has resulted in the shutdown of some of the central bank's IT...

Two Additional Wirecard Executives Involved in Expanding Financial Scandal

German prosecutors have charged two additional Wirecard executives with wrongdoing leading up to the collapse of the previously celebrated fintech company. Alexander von Knoop, the...

Pursuing Faster Settlement Times with DLT: Impact on Market Quality

Adopting distributed ledger technology (DLT) to achieve faster settlement times may negatively impact liquidity and raise transaction costs, according to research from the World Federation...

US Justice Department Reveals $1.89 Billion Cryptocurrency Fraud Operation

The Justice Department has charged two individuals and accepted the guilty plea of a third for masterminding a massive $1.89 billion cryptocurrency fraud scheme. Sam...

Varo Selects Marqeta as Its Issuing Processor

American digital bank Varo has entered into a five-year issuer processor agreement with Marqeta. Founded in 2015 by former Wells Fargo executive Colin Walsh, Varo...

Ex-Revolut and Square Executive Secures $15 Million for Invoice Platform Apron

Apron, a UK startup focused on reducing the time small businesses spend on invoice processing, has successfully raised $15 million in Series A funding. Founded...

One in Three Consumers Victimized by APP Fraud

Soaring levels of authorised push payment (APP) fraud in the UK are diminishing consumer confidence in digital banking, as revealed by recent research from Visa....