FintechDaily – Page 117 – Fresh Dose of Fintech News

Hong Kong to Launch Subsidies Aimed at Attracting Fintech Companies

The Hong Kong government is preparing to introduce financial incentives to address the skills shortage in the fintech sector. Several industry associations, including the Hong...

Morgan Stanley Penalized $35 Million for Inadequate Device Disposal Practices

Morgan Stanley Smith Barney (MSSB) has been fined $35 million for failing to safeguard the personal identifying information (PII) of approximately 15 million customers. The...

Fintech for Influencers XPO Enters Administration

XPO, a startup that secured approximately $1 million aimed at aiding creators and influencers in expediting invoice payments, has entered administration. The London-based company appointed...

LedgerEdge Ceases Operations

Corporate bond trading platform LedgerEdge has entered administration just a year after its launch. David Baxendale and Edward Macnamara of PwC have been appointed as...

Credix Secures $11.25 Million for Decentralized Credit Marketplace

Credix, a decentralized credit marketplace that links institutional investors with fintech lenders in emerging markets, has successfully raised $11.25 million in a Series A funding...

Griffin Unveils API-First Banking-as-a-Service Platform, Verify

London-based Banking-as-a-Service (BaaS) provider Griffin has introduced Verify, a new customer onboarding product designed to help fintechs manage crime risks and automate KYC (Know Your...

Deutsche Bank Introduces Risk Valuation for Merchant Transactions to Combat Fraud

Deutsche Bank is leveraging artificial intelligence technology from Visa subsidiary Cybersource to provide merchant customers with a fraud risk score for individual transactions. The 'Decision...

35 Startups Selected for Tech Nation’s Diversity-Focused Libra 2.0 Program

Tech Nation has selected 35 tech startups to participate in the second iteration of their Libra programme, aimed at supporting underrepresented tech founders. Libra 2.0...

Vesttoo to Lay Off 75% of Workforce

Israel-based fintech firm Vesttoo, known for using artificial intelligence to bridge the insurance industry and capital markets, is laying off 75% of its workforce amid...

Edda Secures Funding for a Bloomberg Terminal Focused on Private Markets

Edda, a French company focused on creating collaborative software for professional investors, has successfully raised $5.8 million in funding. Previously known as Kushim VC, Edda...