FintechDaily Staff – Page 335

Alphabet and Microsoft Stocks Surge Driven by AI Investments

Share prices of major tech companies Google and Microsoft surged on Friday, driven by significant investments in artificial intelligence (AI) that yielded immediate financial returns....

UK to Hold Tech Companies Responsible with New Online Fraud Charter

Elven Big Tech firms and social media platforms have joined a UK Online Fraud Charter aimed at addressing the increasing incidence of scams, including fake...

Klarna Prepares for 2025 IPO with Bank Partnerships

Swedish BNPL company Klarna is reportedly seeking financial advisors for a potential US initial public offering (IPO) that may occur in the first half of...

SphereX Secures $8.2 Million for Smart Contract Security Technology

Israeli web3 security company SphereX, founded by the former CISO of Bank Leumi and Israel Defense Forces veterans, has successfully raised $8.2 million in seed...

Shariah-Compliant Investment Platform Mnaara Secures Pre-Seed Funding

London-based fintech Mnaara.com, a startup providing investors with access to global private funds in accordance with Islamic finance principles, has successfully raised US$500,000 in a...

JPMorgan Launches IndexGPT Investment Tool

JPMorgan Chase is utilizing OpenAI’s GPT-4 model to create various thematic investment baskets, as reported by Bloomberg. The new tool, named IndexGPT, identifies relevant keywords...

Ransomware Attack on Vendor Leads to Outages for 60 Credit Unions

Dozens of US credit unions have experienced outages following a ransomware attack on a cloud computing vendor. Ongoing Operations, a unit of Trellance, reported being...

Chase Blocks Credit Card Use for BNPL Installment Payments

Chase customers will soon be prohibited from using their credit cards to pay for third-party Buy Now Pay Later (BNPL) instalment plans. The US bank...

Nigerian Exchange Gears Up for Dollar Settlement Platform Tailored for Fintechs

The Nigerian Exchange is collaborating with the Central Securities Clearing System (CSCS) and Euroclear to develop a dollar settlement platform aimed at enabling tech startups...

UK RTGS CHAPS System Outage

The Bank of England has reported a "global payments issue" that has delayed high-value transactions, including house purchases, processed through its national real-time gross settlement...