FintechDaily Staff – Page 251

UK Financial Fraud Reaches £1.2 Billion, While APP Losses Decline

The UK experienced a slight decrease in financial fraud losses in 2022, totaling £1.2 billion, primarily due to a 17% reduction in authorized push payment...

Namibia Embraces India’s UPI Technology

The Bank of Namibia has engaged NPCI International Payments to assist in developing an instant payments system modeled after India's highly successful UPI. Namibia will...

Elyn, the “Try-Before-You-Buy” Payments Startup, Secures €2.5 Million in Funding

French 'try-before-you-buy' startup Elyn has raised €2.5 million in a pre-seed funding round led by Headline and Sequoia Arc. Elyn focuses on enhancing the online...

Fed Proposes Extended Operating Hours for FedWire and NSS

The US Federal Reserve Board is seeking feedback on a proposal to operate its two major payment services, the Fedwire Funds Service and the National...

Payroll and Benefits Fintech Catch Ceases Operations

Personal payroll and benefits fintech Catch is shutting down, acknowledging that it is not the entity to disrupt a "trillion dollar ecosystem." The Catch platform...

ABN Amro Co-Leads €11.5 Million Seed Funding Round for ThreatFabric

ABN Amro has co-led a €11.5 million seed round in the fraud detection fintech ThreatFabric to expand its technical capabilities and support growth. Co-developed with...

JP Morgan Leverages Visa Direct for Quicker Payments

JP Morgan is set to enhance domestic payments in the US through the Visa Direct network. JP Morgan Payments has announced that Visa Direct will...

Lloyds Commits £10 Million to Digital ID Company Yoti

Lloyds Banking Group has made a £10 million investment in digital identity company Yoti, marking its second fintech investment of 2023. Yoti provides a free...

Synctera Expands into Canada with New BaaS Platform Offering

American Banking-as-a-Service provider Synctera has secured $15 million in funding and has expanded its operations into Canada through a partnership with the National Bank of...

Experian Launches US Fintech Data Network to Combat Fraud

Experian is launching a fintech-focused version of its fraud prevention data network, Hunter, in the US, with several leading firms committing to participate. Hunter is...