FintechDaily – Page 138 – Fresh Dose of Fintech News

Silverbird Enters Special Administration Status

Silverbird, a digital payments platform for international trade, has officially entered special administration as confirmed by the Financial Conduct Authority (FCA). The company entered this...

UK Banks Abandon the Metaverse

The number of UK banks investing in technologies such as virtual reality (VR) and augmented reality (AR) is declining as interest in the Metaverse diminishes....

UK BaaS Bank Griffin Secures $13.5 Million in Funding

Newly licensed UK bank Griffin has successfully raised $13.5 million in a Series A funding round led by MassMutual Ventures, with participation from existing investors...

Robinhood Launches in the UK

Stock market investment app Robinhood has launched in the UK, commemorated by the installation of an eight-foot-tall statue of Robin Hood, aimed at the Bank...

European Banks Collaborate on Innovative Fraud Prevention Tool for Instant Payments

EBA Clearing has enlisted nine banks from six countries to participate in data model training for a new fraud prevention feature aimed at account-to-account and...

Unit, the Embedded Finance Platform, Announces Job Reductions

Embedded finance platform Unit has laid off 15% of its workforce, citing "slower than expected" revenue growth. Unit's Dashboard, along with its suite of APIs,...

Finnovating Launches MatchGPT: The ‘Business Tinder’ Solution

AI startup Finnovating has introduced its own Generative Pre-Trained Transformer (GPT) aimed at assisting tech companies in identifying, matching, and engaging with corporate partners and...

Singapore’s Retail Banks Strengthen Cybersecurity Measures

The Association of Banks in Singapore (ABS) has announced that major retail banks in Singapore are enhancing their security measures to address an increasingly complex...

Expanding Applications of AI in Banking and Payments

During the final panel at EBAday 2024, Patricia Hines, head of banking and payments at Celent, engaged in a discussion about AI with a panel...

Dubai F4 Roars to Life with Ektico as Partner!

Dubai, United Arab Emirates – The 2025 Formula 4 UAE Championship has started in Dubai and Ektico, a fintech company, is one of the main...