FintechDaily Staff – Page 263

UK Trials ‘Super ATM’ Capable of Accepting Deposits for Multiple Banks

The UK's Link ATM network is piloting a new type of cash machine that can accept deposits for several banks. The first machine is operational...

Barclays Launches Government-Funded Support Initiative for UK Tech Sector

Barclays Eagle Labs has officially launched its government-funded two-year support program aimed at assisting UK tech businesses. Earlier this year, Barclays received a £12 million...

Man Arrested for Using Dummy with taped Photos in Mobile Banking Facial Recognition Scheme

Brazilian police have arrested a man accused of manipulating mobile banking facial recognition technology by taping photos of victims’ faces onto dummies to secure loans...

Visa Explores Generative AI to Improve Tokenization

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced that the company has generated $40 billion in incremental...

Amex Ventures Launches $78M Fintech Fund After Thorough Vetting

A group of three former managing directors from Amex Ventures has raised $78 million for their inaugural fund focused on supporting early-stage fintech startups. Vesey...

BitGo Expands into Private Securities Sector with Acquisition of Brassica

Crypto custody specialist BitGo has acquired Brassica, a fintech firm that provides backend infrastructure services for private securities and alternative investments. Financial terms of the...

PayPal Agrees to $2 Million Cybersecurity Settlement with New York Regulators

PayPal has agreed to pay $2 million to settle charges from New York State regarding cybersecurity failures that resulted in the exposure of customers' social...

Super.com secures $85 million for its savings super app

Super.com, an all-in-one savings platform, has successfully raised $85 million in debt and equity to develop a super app akin to WeChat. The Series C...

UK Banks Anticipate Increase in Cybercrime Amid Economic Downturn

The ongoing cost-of-living crisis in the UK is expected to contribute to an increase in cyber crime, according to recent research. More than a third...

Nium Maintains Unicorn Status with $50 Million Series E Funding Round

Cross-border B2B payments operator Nium has successfully secured $50 million in a Series E funding round. The funding round was led by a sovereign wealth...