FintechDaily Staff – Page 246

NCR POS System Aloha Targeted in Ransomware Attack

NCR is facing the repercussions of a ransomware attack that has impacted its Aloha POS system, which serves the hospitality industry. The Aloha POS system...

Visa Makes Investment in Nigeria’s Moniepoint

Visa has made a strategic investment in Nigerian fintech giant Moniepoint, although the terms of the deal have not been disclosed. Founded in 2015, Moniepoint...

Carmoola: Car Finance Fintech Secures £8.5m in Series A Funding

UK car finance fintech Carmoola has successfully raised £8.5 million in a Series A funding round, alongside an additional £95 million through a debt facility....

Method Secures $41.5 Million to Enhance Financial Account Connectivity

Method Financial has secured $41.5 million in Series B funding to enhance its consumer-permissioned financial connectivity technology designed for fintech lenders. Method's APIs offer firms...

Altari Ventures Introduces New Fund Focused on Fintech and Insurtech

Early-stage venture capital firm Altai Ventures has successfully closed a $53 million fintech and insurtech fund. Bain Capital Ventures and Century Equity Partners have joined...

N26 Aims for Profitability by 2024

N26 expects to reduce its net losses by 50% in 2023, aiming for monthly profitability by the following year. The German digital bank has also...

FS Giants Gear Up for Cyber Defense Drill

The Financial Services Information Sharing and Analysis Center (FS-ISAC) has gathered nearly 30 financial firms for a NATO live-fire cyber defense exercise. The Locked Shields...

SC Ventures and Yabx Invest $10 Million in Purpose-Driven Lending Platform Furaha

Standard Chartered’s innovation, fintech investment, and ventures arm, along with Yabx Technologies, a Tech Mahindra group company, have established a series of agreements to formalize...

Swiss Fintech Radicant Dismisses CEO

Radicant Bank, a digital bank based in Switzerland, has dismissed its CEO and co-founder following the leak of an internal email that criticized critics and...

Tony Blair and William Hague Advocate for Digital Identity Cards

Former British political party leaders Sir Tony Blair and Lord William Hague have championed digital identity cards as integral to the "technological revolution." During an...