FintechDaily Staff – Page 2

OCC Greenlights New Bank Focused on the ‘Innovation Economy’

A new bank backed by tech billionaires is set to fill the void left by the collapse of Silicon Valley Bank, focusing on serving companies...

Romance Scams Drain £108 Million from Britons in 2024

Banks and payment firms are urged to enhance their monitoring systems and staff training to better protect customers from romance scams, which resulted in losses...

Klarna Set to Introduce Digital Wallet and Debit Card in the UK

Klarna has initiated its challenge to UK banks' retail business by launching a debit card and a digital wallet. According to Klarna, these offerings aim...

Deel’s Valuation Soars to Over $17 Billion Following Fundraising成功

Payroll platform Deel has announced a $300 million investment led by new backer Ribbit Capital, boosting its valuation to $17.3 billion. The US-based startup is...

OpenAI Purchases AI-Driven Personal Investing Application

OpenAI has successfully acquired the AI-driven personal finance application Roi, bringing CEO Sujith Vishwajith on board as part of the agreement. As reported by TechCrunch,...

HSBC and Juspay Collaborate on Comprehensive Acquiring Platform

HSBC has partnered with payment orchestration platform Juspay to launch an acquiring platform designed specifically for digital-first, global merchants. This full-stack offering integrates HSBC’s global...

Revolut’s Storonsky Relocates Residency from the UK to the UAE

Revolut's co-founder and CEO, Nik Storonsky, has officially relocated his residency from the United Kingdom to the United Arab Emirates. Originally born in Russia, Storonsky...

Atom Bank Establishes Headquarters in Newcastle

Atom Bank has inaugurated its new headquarters in Newcastle, signaling a significant commitment to growth with plans to expand its workforce by adding 30 employees...

Wealthtech Clove Launches from Stealth Mode with $14 Million in Funding

Clove, a UK wealth management startup co-founded by former fintech unicorn Paddle's CEO Christian Owens, has recently emerged from stealth mode with $14 million in...

JPMorgan Invests $2 Billion Annually in AI, Realizing Equivalent Savings

JPMorgan Chase allocates approximately $2 billion annually to artificial intelligence (AI) development, with CEO Jamie Dimon asserting that this investment yields similar savings for the...