FintechDaily – Page 148 – Fresh Dose of Fintech News

Discover Faces $1.2 Billion Restitution Order Due to Interchange Fees

The Federal Deposit Insurance Corporation (FDIC) has instructed Discover Bank to return over $1.2 billion to merchants who were overcharged due to excessive swipe fees...

John Lewis Introduces Pocket Money Pets for Young Children

As the holiday season approaches, UK department store John Lewis has introduced an innovative product called Nestlums—a Tamagotchi-inspired pet designed to teach young children about...

Barclays Increases Investment in Climate-Tech Startups to £500 Million

Barclays Bank is poised to significantly increase its investments in climate technology startups, raising its commitment to £500 million with a focus on decarbonization initiatives....

Commerzbank Develops AI-Driven Virtual Assistant Using Generative Technology

Commerzbank is partnering with Microsoft to integrate generative AI and avatar technology into a new virtual assistant for its mobile application. This innovative avatar will...

MUFG Acquires Robo-Advisor for $664 Million

Mitsubishi UFJ Financial Group (MUFG) has announced its intention to acquire full ownership of the robo-advisor WealthNavi for a total of $664 million. Previously, MUFG...

Klarna to Offer Sustainability Insights for Electronic Products

Klarna is leveraging data from Clarity AI to highlight environmentally responsible brands to its extensive community of over 150 million active shoppers. The initiative will...

Westpac and nCino Headline $28 Million Investment Round in Rich Data Co

Westpac and nCino have taken the lead in a $28 million funding round for Rich Data Co, an Australian artificial intelligence platform focused on decision-making...

Ripple Partners with Tenity for DeFi Fund Initiative

Swiss fintech incubator Tenity is enhancing its commitment to Decentralized Finance (DeFi) by launching an early-stage fund dedicated to supporting innovative startups that are developing...

Santander Introduces In-Branch Card Recycling Machines

Santander is launching a recycling initiative in select branches across the UK, allowing customers to dispose of expired or unused plastic cards in an environmentally...

Mastercard Unveils GenAI Retail Assistant

Mastercard has introduced an innovative generative AI retail assistant designed to provide shoppers with personalized product recommendations. The new tool, named Shopping Muse, was crafted...