FintechDaily Staff – Page 274

Portugal’s Fintech Industry Reaches €1 Billion Milestone

According to the Portugal Fintech Association's annual report for 2022, fintechs have collectively raised €1.08 billion to date. Blockchain and crypto-based firms have been the...

Yahoo Acquires Social Investing Platform Commonstock

Yahoo has acquired Commonstock, a social platform designed for retail investors to connect their brokerage accounts, enabling them to share their portfolio performance and discuss...

Saudi Wealth Fund Unveils $24 Billion Technology Fund

A sovereign wealth fund led by Saudi Crown Prince Mohammed Bin Salman has announced a $24 billion investment fund targeting the Middle East tech sector....

Rise of Predatory Lending Apps on Apple App Store and Google Play

Cloud security company Lookout has identified nearly 300 loan applications available on Apple's App Store and Google Play that engage in predatory practices, including the...

Egypt’s Money Fellows Secures $31 Million to Digitize Savings Circles

Egyptian fintech Money Fellows has successfully raised $31 million for its mobile-based platform that facilitates money circles. This system allows groups of individuals to contribute...

Ethical Lender Plend Secures £40 Million in Funding

Plend, a UK-based ethical lender that is revolutionizing the traditional credit system by utilizing open banking data for lending decisions, has successfully secured £40 million...

Which? asserts that banks are putting customers at risk of spoofing fraud.

Which? asserts that security weaknesses at some of the largest banks in the UK are leaving customers vulnerable to fraud. The consumer champion's investigation focused...

Deputy PM Wong Unveils the Fintech Agenda

Lawrence Wong, Singapore's Deputy Prime Minister and Minister for Finance, addressed attendees at the Singapore Fintech Festival, outlining key developments that will influence the nation's...

Alipay Introduces New Merchant Payment Toolkit

At the Singapore Fintech Festival, Angel Zhao, president of international business at Ant Group, announced the launch of Alipay+ D-storeTM, a digitalisation solution designed for...

Fighting Fraud: A Constant Game of Cat and Mouse

In a discussion with Finextra, Beate Zwijnenberg, chief information security officer at ING, shared insights on emerging trends in cybercrime and the strategies the bank...