FintechDaily Staff – Page 270

Revolut Reportedly Denied for UK Banking License

The Bank of England is reportedly planning to reject Revolut’s longstanding application for a banking license in the UK, as reported by the Telegraph. Revolut...

Mastercard Introduces CVC-Free Payments for Tokenized Cards in India

Mastercard has launched Cardholder Verification Code-less online payments for debit and credit cardholders in India who have tokenized their cards on merchant platforms. According to...

Lunar and SAS Collaborate to Launch Debit Card

Danish neobank Lunar has introduced a new debit card in collaboration with Scandinavian Airlines (SAS), enabling users to earn and redeem EuroBonus points. EuroBonus points...

LGBTQ+ Banking Startup Daylight Ceases Operations

Daylight, a digital banking app designed for America's LGBTQ+ community, is set to shut down shortly after three former employees initiated a lawsuit against the...

Visa UK Implements New Initiatives to Safeguard SMEs Against ‘Friendly Fraud’

Visa UK has implemented a series of new initiatives aimed at shielding small businesses from the rising incidence of 'friendly fraud.' This type of fraud...

Rabobank Conducts $2 Billion in Commercial Paper Transactions via Blockchain

Rabobank has successfully conducted a series of pilots to execute over €2 billion in commercial paper transactions on the blockchain platform Ubermorgen. This innovative platform...

QED Secures Nearly $1 Billion for Fintech Investment

Global fintech venture capital firm QED Investors has successfully closed two new funds with total capital commitments of $925 million. Founded in 2007 by Nigel...

Barclays Advocates for Tech Companies to be Held Accountable for Scams on Their Platforms

Barclays is urging tech companies to reimburse scam victims as part of four major recommendations aimed at addressing the UK's growing fraud crisis. The demand...

Swift Aims to Link VoP Initiatives Across Europe

Bank-to-bank payment messaging network Swift is working to enhance the interoperability of Verification of Payee (VoP) schemes across Europe. New research indicates that 83% of...

Plenty Unveils Fintech Platform Tailored for Millennial Couples

Plenty, a financial platform designed to facilitate discussions, management, and investment of money for couples, has successfully raised $2.75 million in pre-seed funding. The funding...