FintechDaily Staff – Page 160

Regulator Takes Control of Silicon Valley Bank

The California Department of Financial Protection and Innovation has taken possession of Silicon Valley Bank and appointed the FDIC as receiver, citing "inadequate liquidity and...

Scalable Capital Secures €60 Million in Equity Financing

Digital wealth management platform and online broker Scalable Capital has successfully completed a €60 million equity financing round. The funding was led by Balderton Capital,...

Fraudster Behind Spoofing Site Sentenced to 13 Years in Prison

Tejay Fletcher, the mastermind behind an international spoofing operation that allowed criminals to impersonate officials from banks, tax offices, and other institutions, has been sentenced...

EBA Clearing Executes Pan-European Request to Pay Proof of Concept

EBA Clearing has announced that its request to pay (R2P) service is now ready for commercial applications, following a successful pan-European proof-of-concept involving eight payment...

Square Introduces Accelerator Program for Black and Latino Entrepreneurs

Square has introduced a business accelerator program aimed at providing Black and Latino retail entrepreneurs with funding, mentorship, and coaching. The payments firm is collaborating...

Kuwait International Bank Launches Biometric Card System

Kuwait International Bank has become the first lender to launch a biometric payments card, utilizing technology from the Norwegian company Zwipe. The card, which features...

NAB Introduces Pay by Bank for Australian Merchants

Australian Big Four bank NAB is partnering with Banked to introduce Pay by Bank capabilities, utilizing the Australian open banking infrastructure known as PayTo for...

Transforming Digital Identity, Intelligence, and Innovation

This week, LexisNexis® Risk Solutions and Finextra Research hosted Trust:Live 2023, a premier in-person gathering for fraud and identity decision-makers. The event addressed the latest...

ABN Amro Acquires European Neobroker BUX

ABN Amro is set to acquire European neobroker Bux, enhancing its presence in the retail investment sector. BUX allows its 500,000 users to invest in...

BBVA Sets Its Sights on Colombia’s Innovation Sector

BBVA is launching a business unit named Spark in Colombia, aimed at supporting entrepreneurs and technology companies. Originally introduced in Spain and Mexico last July,...