Latest News – Page 412

Sweden and Denmark to Launch Real-Time Cross-Currency Settlement Through Target Instant Payments

The European Central Bank is set to introduce a cross-currency settlement service on the Eurosystem's Target Instant Payment Settlement (TIPS) platform. This new service will...

ANZ Partners with MAS in Asset Tokenization Initiative

ANZ has become the latest bank to participate in the Monetary Authority of Singapore's multi-year Project Guardian initiative, which aims to explore applications of asset...

JPMorgan Considers Legal Action Regarding Zelle Investigation

JPMorgan Chase is contemplating legal action against the Consumer Financial Protection Bureau (CFPB) due to an ongoing investigation into the misuse of Zelle payments by...

Finix, a Payments Infrastructure Company, Secures $75 Million in Funding

Full-stack payment processor Finix has secured $75 million in a Series C funding round led by Acrew Capital, with participation from Citi Ventures, Leap Global,...

SME Banking Platform Relay Secures $32.2 Million in Funding

Relay, a business banking and money management service tailored for SMEs, has successfully secured $32.2 million in a Series B funding round led by Bain...

FCA Cautions Financial Services Firms and Influencers to Ensure Social Media Advertisements Comply with Regulations

The UK's Financial Conduct Authority (FCA) has issued guidance for social media ads featuring financial services, cautioning both firms and 'finfluencers' to ensure their promotions...

Portugal Bans Worldcoin Due to Privacy Concerns

Worldcoin, the crypto biometric project led by OpenAI's Sam Altman, has been temporarily banned in Portugal due to concerns over data privacy. This ban marks...

Mastercard Enhances Platform to Support Fintechs in Launching Card Programs

Mastercard has expanded its Product Express platform, which launched in Latin America earlier this year, to several new markets, allowing fintechs to implement card programs...

Fiserv Co-Leads $16 Million Seed Funding Round for PayFac Forward

Forward, a US-based startup providing payment services for software companies, has successfully raised $16 million in a seed funding round. The round was led by...

EU Banks Concerned Over ‘Unrealistic’ Deadlines for Instant Payments

A third of EU banks currently do not provide an instant payments service, and many are feeling pressure from the January 2025 deadline, based on...