FintechDaily Staff – Page 19

ECEX Enforces AML Compliance Through Facial Recognition at Currency Exchange Machines

Currency exchange machines equipped with facial recognition technology have been deployed in various airports and travel hubs throughout Europe to combat money laundering. Swiss manufacturer...

ChatGPT Advocates for Multi-Cloud Strategies in Banking

Cloud migration has become a significant focus within the financial sector, as both traditional banks and emerging fintech companies transition to cloud services to achieve...

Monese Divides into Two Entities

Mobile banking startup Monese has announced its decision to split the business into separate consumer-facing and corporate entities, alongside new funding achievements. The Monese brand...

Singapore’s Fintech Transactions Hit All-Time Highs

Singapore's fintech sector experienced a mixed year in 2022, highlighted by a record level of activity despite a significant decline in funding, according to recent...

Customer Scammed Out of £60,000 by Fraudster Impersonating Santander’s Head of Fraud

A customer of Santander Bank lost £60,000 after transferring funds to a criminal impersonating the bank's head of fraud, Chris Ainsley. The incident began when...

Sezzle Embraces Gamification to Promote Timely Payments in BNPL Services

Buy now, pay later provider Sezzle is gamifying on-time payments with a new loyalty program aimed at promoting financial responsibility. Named Payment Streaks, this feature...

Innovative Lending Fintech Abound Secures £500 Million Funding Round

Abound, a UK-based fintech that leverages open banking and artificial intelligence to provide consumers with improved loan deals, has successfully raised £500 million through a...

AXA IM Executes Initial Market Transaction with Stablecoins

AXA Investment Managers has successfully completed its first live market transaction using stablecoins issued by SG Forge, the digital asset arm of Societe Generale. For...

Fitbit Pay Users Transitioned to Google Wallet

Google is discontinuing Fitbit Pay in most countries and transitioning users to its Google Wallet system. Fitness tracking pioneer Fitbit has been providing contactless payment...

Brazilian B2B Payments Platform Barte Secures $3 Million in Funding

Brazilian business-to-business payments platform Barte has secured $3 million in a seed funding round. The funding, which follows a pre-seed round six months earlier, was...