Latest News – Page 267

UK Fintech Investment Plummets 37% in First Half of 2024

The decline in fintech investment continues into the first half of 2024, but signs suggest it may be stabilizing, according to new data from Innovate...

Equals Money and Zūm Rails Enter the BaaS Space

Equals Money, a provider of payment solutions for corporate expenses, has introduced a Banking-as-a-Service (BaaS) product that enables businesses to offer their own digital payment...

Payment Identity Network iPiD Raises $5.3 Million in Funding Round

Founded by a team of former Swift executives, iPiD (International Payment Identity) has secured $5.3 million to launch its Confirmation of Payee product across Europe....

CFPB Emphasizes Importance of Startups and Consumers in Open Banking Standard Development

The Consumer Financial Protection Bureau (CFPB) has made significant strides to promote open banking in the U.S. by finalizing a rule aimed at recognizing data-sharing...

Australia Implements New BNPL Regulations

Australia's government is preparing to introduce legislation requiring buy now, pay later (BNPL) providers to conduct basic credit checks on new customers. Recent trends show...

US Treasury Requests Input on Implementing AI in Financial Services

The US Department of the Treasury is inviting public input on the risks and opportunities associated with the use of AI in financial services. As...

Lemon.Markets Secures €12M for Brokerage-as-a-Service Platform

Berlin-based brokerage-as-a-service platform lemon.markets has successfully raised €12 million in a funding round led by CommerzVentures. Heliad and existing investors, including Creandum, Lakestar, Lightspeed, and...

56% of US Businesses Provide Faster Payments; 35% Have Plans to Implement Them

According to a recent report from the US Faster Payments Council (FPC), significant efforts are still required to enhance the financial inclusivity of faster payments...

HSBC and BNY Mellon: Pioneers of the Quantexa GenAI Suite

HSBC and BNY Mellon are participating in the early adopter program for Quantexa's Q Assist, a context-aware generative AI technology suite. Quantexa positions itself as...

UK Payments Association Urges New PSR Chief to Postpone APP Fraud Regulations

The UK payments industry is urging the new interim chief of the Payment Systems Regulator (PSR) to delay the rollout of new rules aimed at...