FintechDaily – Page 131 – Fresh Dose of Fintech News

Martin Lewis Advocates for Regulation Following Deepfake AI Scam Incident

Consumer finance expert Martin Lewis has voiced his concerns after a deepfake scam video featuring his likeness surfaced on Facebook. The video attempts to deceive...

Persona Secures $200M to Develop a Verified Identity Framework for an Agentic AI Future

Persona Secures $200 Million Funding for Enhanced Identity Solutions Persona, a prominent identity verification platform utilized by numerous fintech companies, has successfully raised $200 million,...

LSEG and Microsoft Collaborate to Develop Generative AI Models

The London Stock Exchange Group (LSEG) and Microsoft are collaborating with financial institutions to develop tailored generative AI models. This initiative highlights the increasing emphasis...

FCA Proposes Ban on Purchasing Cryptocurrency with Credit.

The UK's Financial Conduct Authority (FCA) is considering a ban on the use of credit for purchasing cryptoassets. A YouGov survey commissioned by the FCA...

Google Wallet Introduces ID Passes in the UK

Britain is set to enable the use of passports for creating digital ID passes, which can be stored within Google Wallet. At the outset, Google...

Oxbury Secures £20 Million for AgTech Core Platform Development

Agricultural challenger bank Oxbury has successfully secured £20 million to further enhance its proprietary AgTech core platform. This funding round saw participation from notable organizations...

Bud Utilizes Google Cloud’s Generative AI Tools to Create a Smart Chatbot

UK fintech company Bud has introduced a generative AI core and a chatbot that harnesses Google's PaLM2 large language model to provide personalized customer insights....

Stablecoins May Soar to $3.7 Trillion by 2030

The regulatory shifts influenced by the Trump administration have the potential to position 2025 as a transformative year for blockchain technology, akin to the pivotal...

Plum Partners with Railsr to Introduce New Debit Card

Plum has debuted its innovative degradable debit card, marking a significant expansion into spending products and reinforcing its identity as a comprehensive financial app. The...

Finastra Launches Message Transformation Service for Switching from MT to ISO 20022

Finastra has introduced a message format translation service aimed at banks transitioning from Swift MT messages to the new ISO 20022 MX standard. The Transformation...