FintechDaily Staff – Page 163

Mastercard Acquires Crypto Intelligence Company CipherTrace

Mastercard is enhancing its digital asset capabilities by acquiring cryptocurrency intelligence firm CipherTrace, with financial terms undisclosed. CipherTrace specializes in analyzing large volumes of blockchain...

Rapyd Negotiates $300M Fundraising with Significant Valuation Adjustment

Payments-as-a-Service platform Rapyd is seeking to raise $300 million at a valuation of $3.5 billion, significantly lower than the $9 billion it achieved during a...

IPiD Unveils AI-Driven Name Matching Technology for Enhanced Payee Verification

Payment identity network iPiD has partnered with Microsoft to develop an AI-powered name-matching tool for Verification of Payee (VoP). Name matching has been a fundamental...

Major Banks Allocate $45 Million to Carbon Credit Trading Network

A group of nine banks has invested $45 million in Carbonplace, a global DLT-based carbon credit transaction network they established, which is becoming an independent...

BNY Executes Record-Breaking Instant Payment in U.S. History

BNY has executed the largest instant payment in U.S. history using The Clearing House's RTP Network, transferring $10 million to Bank of America on behalf...

Union Files Lawsuit Regarding CFPB Closure

A labor union has initiated legal action against Consumer Financial Protection Bureau (CFPB) acting director Russell Vought after he instructed staff to suspend much of...

Impersonation Scam Losses Surge Over 100% in H1

The public has been alerted to a significant rise in fraudulent calls, texts, and emails, as recent data from UK Finance reveals that the number...

BNPL Company Tabby Engages Banks for Upcoming IPO

UAE-based buy now, pay later company Tabby has engaged banks in preparation for a potential initial public offering (IPO). Sources indicate that the firm is...

Banks Held Responsible for “Alarmingly Low” Reimbursement Rates for APP Fraud

Over three-quarters of bank customers have been unable to secure reimbursements after becoming victims of authorized push payment (APP) scams. In 2020, losses from bank...

Australia’s AMP Leverages Starling Technology for Small Business Digital Banking

Australian financial services firm AMP has partnered with Engine by Starling to launch a new digital bank tailored for small business owners and everyday customers....