FintechDaily Staff – Page 164

Robinhood Seeks to Reacquire Sam Bankman-Fried’s 7% Ownership Stake

Robinhood's board has approved a plan to acquire Sam Bankman-Fried's seven percent stake in the stock trading app. In May, it was revealed that Emergent...

Criminals Acquire Bank OTPs to Execute Fraudulent Card Transactions

Hackers successfully intercepted one-time passwords (OTPs) sent via SMS by banks in Singapore to customers, executing fraudulent credit card transactions that totaled S$500,000. The scheme,...

Deutsche Börse Chooses Google Cloud to Support Digital Asset Operations

Deutsche Börse has chosen Google Cloud to serve as the foundation for a new digital asset business platform aimed at creating an institutional-grade ecosystem for...

CCAF, World Bank, and World Economic Forum Urge Fintechs to Assess COVID-19 Impact

The Cambridge Centre for Alternative Finance (CCAF), World Bank, and World Economic Forum invite fintech companies to contribute to data collection for the Global Covid-19...

ETFbook Secures €4 Million in Funding

ETFbook, a data and analytics platform specializing in the ETF market, has secured €4 million in a Series A funding round led by BlackFin Capital...

Banks Drive $65 Million Investment in Crypto Infrastructure Company Taurus

Credit Suisse has led a $65 million Series B funding round for Swiss crypto infrastructure provider Taurus, with participation from notable financial institutions including Deutsche...

Datalign Secures $9 Million for AI-Driven Financial Advisory Technology

Datalign, an AI platform that connects individuals with financial advisors, has successfully raised $5 million in funding from Link Ventures. This latest investment brings Datalign's...

Entrust Takes Over Antelop

Entrust is poised to enter the digital card issuance market through the acquisition of Antelop, a Paris-based company. Founded in 2014, Antelop Solutions serves over...

App Fraud Losses Exceed Card Crime in H1 2021

Losses from authorised push payment (APP) fraud surpassed card fraud for the first time in the first half of 2021, according to new statistics from...

PhonePe of India Secures $100 Million Funding at a $12 Billion Valuation

Weeks after raising $350 million, Indian digital payment platform PhonePe has secured an additional $100 million in funding, elevating its valuation to $12 billion. This...