FintechDaily Staff – Page 244

ModernFi Secures $4.5 Million for Bank Deposit Marketplace Expansion

Andreessen Horowitz has led a $4.5 million seed funding round for ModernFi, a marketplace that enables banks to exchange deposits on demand. ModernFi connects banks...

Cybercrime Platform Taken Offline

One of the largest online platforms for selling stolen credentials has been dismantled following a comprehensive operation involving numerous law enforcement agencies. Genesis Market, which...

Checkout.com Positions Itself for a Comeback in Profitability

Payments processor Checkout.com is aiming for full-year profitability in 2025, following a strong conclusion to 2024 that saw a 45% year-on-year growth in net revenue...

Nomura Invests in Infinity, a ‘Hybrid Finance’ Startup

Nomura's digital assets subsidiary, Laser Digital, has invested in Infinity, a decentralized finance (DeFi) protocol focused on institutional lending and borrowing. Founded by Kevin Lepsoe,...

Sweden’s Open Payments Secures €3 Million Funding

Swedish B2B open banking platform Open Payments has successfully secured €3 million in a funding round led by Alfvén & Didrikson, with additional participation from...

Egypt’s Copal Introduces Family-Focused Money Management App

Egyptian fintech company Copal has launched the country's first payments and expenses management app designed specifically for families. In collaboration with Mastercard, the app brings...

Latitude Financial Stands Firm Against Ransomware Demands

Australian consumer lender Latitude Financial has received a ransom demand from the cybercriminals behind a recent attack that compromised 14 million customer records, including drivers'...

HSBC Closes Down Zing, Its Competitor to Wise

HSBC has decided to close Zing, its currency conversion app designed to compete with money transfer giant Wise. Launched to considerable excitement in January of...

Vittoria Hub Invites Participants for Insurtech Incubator Program

Italian insurtech incubator Vittoria Hub is actively seeking its next cohort of startups from Europe and the US. The incubator is focusing on insurtech companies...

FCA and PSR Outline Upcoming Steps for Open Banking in the UK

The next steps for open banking in the UK will involve the establishment of a new independent company to advance variable recurring payments (VRPs). According...