Latest News – Page 25

Seon, a Fraud Prevention Platform, Secures $80 Million in Funding

Fraud prevention and AML compliance specialist Seon has raised $80 million in a Series C funding round led by Sixth Street Growth. IVP, Creandum, Firebolt,...

Green Fintech Network Releases ‘Theory of Change’ Roadmap

The Green Fintech Network, based in Switzerland, has released its report titled The Green Fintech Theory of Change, which illustrates the pivotal role that fintech...

JPMorgan Chase Set to Introduce Digital Banking in Germany

JPMorgan Chase is set to launch its retail digital banking services in Germany next year, marking a significant step in its European expansion strategy. The...

Lloyds Bank Plans to Reduce Staff Performance Issues

Lloyds Banking Group is currently evaluating employee performance metrics to address persistent underperformance within its workforce. With a staff of 63,000, the UK-based lender aims...

Launch of Cross-Border QR Payment Pilot Between China and Indonesia

UnionPay International (UPI) is piloting a cross-border QR payment linkage between China and Indonesia. UPI and its partners are currently in a sandbox phase that...

Swift and Leading Banks Explore AI and Data Sharing to Combat Financial Fraud

Bank-to-bank messaging network Swift has reported promising results from tests combining AI and cross-border data sharing, successfully doubling real-time fraud detection during trials involving 13...

SumUp Plans Public Listing for Next Year

UK card reader company SumUp has reportedly engaged investment bankers to gauge interest for a potential IPO that could value the firm at £15 billion....

ANZ Criticized by Regulator for Bond Trading Data Reporting and Retail Issues

ANZ is facing $240 million in penalties due to misreporting bond trading data to the Australian government and instances of "widespread misconduct" across its retail...

Revolut Appoints Ex-SocGen Executive as Chair for Western Europe

Digital banking leader Revolut has welcomed Frederic Oudea, the former CEO of Societe Generale, as the new chairman of its operations in Western Europe. This...

Bank of England’s Plan to Limit Stablecoin Holdings Sparks Controversy

The Bank of England is facing criticism for its proposals to impose strict limits on the amount of stablecoins that individuals and businesses can hold....