FintechDaily Staff – Page 167

SC Ventures Introduces LetsBloom to Assist Regulated Organizations in Transitioning to the Cloud

Standard Chartered's SV Ventures arm is launching a fintech initiative designed to assist firms in regulated industries with the construction, deployment, and management of business...

What Caused Euronext to Withdraw Its Bid for Allfunds?

Confusion surrounds Euronext's withdrawal from a €5.5 billion bid for B2B wealthtech platform Allfunds. The proposed takeover was first announced last week amid growing speculation...

Justt Secures $70M in Funding to Challenge Traditional Chargeback Systems

Justt, a startup leveraging machine learning to assist online merchants in preventing false chargebacks, has emerged from stealth mode with $70 million in funding. The...

Plaid Supports New Framework for Fintech Data Security

A coalition of fintech and security compliance companies, including Plaid, MX, and Flinks, is establishing a framework to enhance the protection of consumer financial information....

Paysafe Considers Selling Itself – Bloomberg

Publicly-listed online payments firm Paysafe is contemplating a sale after attracting interest from potential buyers, as reported by Bloomberg. Shares in Paysafe surged by more...

FCA to Address Competitive Issues in the Market Data Industry

The UK's Financial Conduct Authority (FCA) is planning a significant overhaul of the market data sector after its study revealed that a lack of competition...

Rapid Digital Transformation is Surpassing Banks’ Capacity to Address Cyber Threats

The rapid transition to digital platforms by established banks in the Asia-Pacific region is outpacing their ability to protect against emerging cyber threats, according to...

UK Government to Introduce Legislation Mandating Reimbursement for APP Fraud

The UK's banks will soon be required to publish data related to their performance on authorized push payment (APP) scams, including reimbursement levels for victims...

Droit Secures UBS Support for Growth in Wealth Management Sector

US RegTech Droit has secured $23 million in Series B funding, with Pivot Partners and UBS serving as co-leads, alongside existing investor Goldman Sachs. The...

DeFi Fraud and Theft Result in $10.5 Billion in Losses in 2021

As regulators intensify their scrutiny of Decentralised Finance (DeFi), recent data from Elliptic indicates that DeFi users and investors have incurred losses exceeding $12 billion...