FintechDaily – Page 148 – Fresh Dose of Fintech News

OneID Secures New Investment from ACF Investors

OneID, the sole provider of bank-verified digital identification services in the UK, has secured new funding led by ACF Investors. OneID is recognized as one...

Citi Projects Slowest Global Economic Growth in 40 Years

A recent report from Citi Global Wealth Investments (CGWI) highlights the potential for the weakest annual global economic growth in forty years, excluding the periods...

NatWest Allows Customers to Establish Daily Transfer Limits

NatWest has introduced a feature allowing customers to set their own daily limits for digital bank transfers, a move aimed at minimizing the impact of...

Lloyds Private Equity Division Invests in Etrading Software

Lloyds Banking Group's private equity arm, LDC, has made a substantial investment in Etrading Software, a capital markets technology provider. Based in London, Etrading Software...

E-commerce Fraud Prevention Company Forter Secures $300 Million in Funding

E-commerce fraud prevention company Forter has achieved a valuation of $3 billion following a $300 million Series F funding round led by Tiger Global Management....

Americans Prefer Banks to Fintechs and Big Tech for Safeguarding Personal Data

A recent BIS survey reveals that Americans have a greater trust in traditional banks compared to government agencies, fintech companies, and especially Big Tech firms,...

Microsoft Acquires Stake in London Stock Exchange

Microsoft has entered a transformative ten-year deal with the London Stock Exchange Group (LSEG) to implement cloud, data analytics, and workspace products across the exchange...

Fraudio Secures $3.3 Million to Enhance Fraud Prevention Platform

Fraudio, a Dutch startup that has developed a cloud-native, centralized AI-powered payment fraud detection system, has successfully secured $3.3 million in seed funding. The funding...

Paytm Announces $103 Million Share Buyback Following Stock Price Decline

Indian digital payments leader Paytm is initiating a share buyback of up to $103 million in an effort to stabilize a stock price that has...

Klarna App Bug Allowed Users to Access Others’ Accounts

Klarna temporarily suspended its app yesterday following a "self-inflicted incident" that inadvertently allowed some users to access others' accounts, exposing personal information. In a statement,...