FintechDaily Staff – Page 164

Greenwood Purchases Neobank Kinly

Greenwood, a digital banking startup catering to Black and Latino individuals and business owners, has acquired fellow neobank Kinly, uniting the two leading fintechs focused...

Ripple Set to Acquire Standard Custody

Ripple has reached an agreement to acquire Standard Custody & Trust Company, a regulated platform designed for enterprise-level digital asset management. This acquisition highlights Ripple's...

Swedish Open Banking Startup Kreditz Secures €10 Million in Funding

Swedish open banking startup Kreditz has successfully raised €10 million from investment company Creades and the venture arm of retail furniture giant Ikea. Kreditz leverages...

BofE Selects Nuggets for Digital Pound Privacy Enhancement

The Bank of England has partnered with payments platform Nuggets to develop a privacy and identity layer for a potential digital pound. Nuggets, known for...

German Banks to Close PayPal Rival Paydirekt

German banks are set to discontinue their PayPal competitor, Giropay/Paydirekt, in favor of supporting the continent-wide startup, the European Payments Initiative (EPI). Launched in 2015,...

B2B Payment Platform Paytently Launches from Stealth Mode

Paytently, a B2B payment orchestration platform established by industry veterans from Merrill Lynch, Checkout.com, Trustly, and TrueLayer, has officially emerged from stealth mode. The company's...

Danish Fintech Ageras Targets Acquisition Opportunities

After posting a profit for 2023, Danish accounting software fintech Ageras is looking to secure one or two significant acquisitions. Ageras, which provides accounting, banking,...

Checkout.com Faces Losses Exceeding £100 Million

Payments platform Checkout.com has reportedly incurred a £100.5 million loss in its UK operations. The company's net losses for 2022 reflect a 400% increase compared...

How Are Biometrics Revolutionizing Security in Banking?

Finextra recently spoke with Eduardo Azanza, CEO and co-founder of digital identity verification platform Veridas, about the transformative role of biometrics in the cybersecurity sector....

LatAm Payments Startup Liquido Raises $27 Million to Launch Operations

Liquido, a next-generation payments company focused on Latin America, has officially launched with $26 million in funding from Index Ventures. Founded by Shanxiang Qi, a...