FintechDaily – Page 101 – Fresh Dose of Fintech News

Digital ID Company Socure Achieves $4.5 Billion Valuation

Machine learning-based digital identity verification firm Socure has successfully closed an oversubscribed $450 million funding round, achieving a valuation of $4.5 billion. The funding was...

Three-Quarters of APP Fraud Cases Rejected by Banks Overturned by Financial Ombudsman

Consumer complaints organization Which? has highlighted that banks are treating victims of authorized fraud unfairly, with many institutions incorrectly deciding on scam cases and reimbursement...

Coinbase Halts Trading of Binance Stablecoin

Coinbase is set to delist the Binance USD (BUSD) stablecoin, indicating that the offering from the rival exchange does not meet its internal listing standards....

SC Ventures Introduces LetsBloom to Assist Regulated Organizations in Transitioning to the Cloud

Standard Chartered's SV Ventures arm is launching a fintech initiative designed to assist firms in regulated industries with the construction, deployment, and management of business...

What Caused Euronext to Withdraw Its Bid for Allfunds?

Confusion surrounds Euronext's withdrawal from a €5.5 billion bid for B2B wealthtech platform Allfunds. The proposed takeover was first announced last week amid growing speculation...

Justt Secures $70M in Funding to Challenge Traditional Chargeback Systems

Justt, a startup leveraging machine learning to assist online merchants in preventing false chargebacks, has emerged from stealth mode with $70 million in funding. The...

Plaid Supports New Framework for Fintech Data Security

A coalition of fintech and security compliance companies, including Plaid, MX, and Flinks, is establishing a framework to enhance the protection of consumer financial information....

Paysafe Considers Selling Itself – Bloomberg

Publicly-listed online payments firm Paysafe is contemplating a sale after attracting interest from potential buyers, as reported by Bloomberg. Shares in Paysafe surged by more...

FCA to Address Competitive Issues in the Market Data Industry

The UK's Financial Conduct Authority (FCA) is planning a significant overhaul of the market data sector after its study revealed that a lack of competition...

Rapid Digital Transformation is Surpassing Banks’ Capacity to Address Cyber Threats

The rapid transition to digital platforms by established banks in the Asia-Pacific region is outpacing their ability to protect against emerging cyber threats, according to...