FintechDaily Staff – Page 303

CFPB Approves FDX to Establish Open Banking Standards

The Consumer Financial Protection Bureau (CFPB) has designated the Financial Data Exchange (FDX) as the first standard-setting body for its new open banking regime. In...

Prism Data, an Open Banking Startup, Secures $5 Million in Funding

Prism Data, the US open banking firm that spun out from Petal earlier this year, has successfully secured $5 million in seed funding. The funding...

Bank of America Customers Affected by Data Breach at Infosys McCamish Systems

Bank of America has issued a warning to customers regarding a data breach linked to a security incident at Infosys McCamish Systems (IMS), which provides...

Bank of England to Create Analytics Data Platform for ISO 20022 Compliance

The Bank of England is collaborating with the BIS Innovation Hub London center on a project aimed at enhancing the analytical use of ISO 20022...

Robinhood Acquires Crypto Exchange Bitstamp for $200 Million

Trading app Robinhood has reached a $200 million cash agreement to acquire the crypto exchange Bitstamp, aiming to broaden its presence beyond the US and...

CAB Payments’ Stock Plummets Following Somber Update

Shares in CAB Payments, a British business-to-business cross-border payments firm, plummeted by over 60% following a significant downward revision of its revenue guidance. The company...

Mobile Wallet Providers Unite for Cross-Border Payment Solutions

Money movement company TerraPay has established a 'Wallet Interoperability Council' with five prominent payment operators to enhance interconnection in cross-border transactions. The founding members of...

Document Management Startup Arteria AI Secures $30M in Funding

Arteria AI, a document and contract management spinout from Deloitte, has successfully secured $30 million in an oversubscribed Series B funding round, led by GGV...

Revolut Introduces AI-Powered Scam Detection Tool

Revolut has introduced an AI-driven anti-scam feature aimed at safeguarding customers from authorised push payment fraud. This innovative security measure utilizes machine learning technology to...

Adyen Partners with Competitor PayPal to Launch Fastlane in the US

Adyen has entered into an agreement to offer rival PayPal's Fastlane guest checkout product to its enterprise and marketplace customers in the United States. Launched...