FintechDaily Staff – Page 268

Revolut Faces $20 Million Loss Due to Criminals Exploiting Payment Flaws

Malicious actors exploited a fault in Revolut's payment processing system to steal over $20 million from the financial super app in 2022, according to a...

VentureWave Secures Majority Ownership in Funderbeam

Irish private equity firm VentureWave has acquired a majority stake in Funderbeam, a blockchain-based startup for angel investors in growth companies, founded by former Nasdaq...

Wise Shares Decline Following Projections of Slower Income Growth

Shares in Wise dropped over 10% on Thursday after the money transfer company projected slower annual revenue growth. The UK-based firm's stock fell 11% by...

US Banking Startup Slash Unveils Itself After Stealth Mode

Slash, a US banking startup that connects personal and business banking for entrepreneurs, has emerged from stealth mode following a $19 million funding round led...

Supreme Court Rules in Favor of Barclays in APP Reimbursement Dispute

Barclays Bank has successfully overturned an appeals court ruling that could have made it liable for a £700,000 authorised push payment (APP) scam involving one...

Digital Pound Could Operate Without New POS Systems

Existing point-of-sale terminals in the UK could potentially be utilized to initiate digital pound payments, according to research conducted by the Bank of England. This...

Unstoppable Finance Set to Introduce DeFi Bank and Euro-Pegged Stablecoin

Berlin-based crypto startup Unstoppable Finance is on the verge of establishing Europe's "first fully regulated DeFi-native bank" along with a fiat-backed Euro stablecoin. Founded by...

Dutch Police Crack Down on Criminal Network Linked to ATM Explosions in Germany

Dutch police have conducted raids at 25 locations in the Netherlands as part of an ongoing effort to combat a series of ATM bombings in...

Judge Facilitates Resolution in JPMorgan-Viva Wallet Valuation Dispute

The legal dispute between JPMorgan and Viva Wallet's founder regarding the valuation of the Greek payments firm seems to have reached a resolution following a...

FinTech Scotland Intensifies Focus on Data to Revitalize the Fintech Sector

Nicola Anderson, CEO of Fintech Scotland, shared insights about the organization's progress and the future of the fintech sector in Scotland. FinTech Scotland, founded in...