FintechDaily – Page 154 – Fresh Dose of Fintech News

Mastercard Targets Elimination of Passwords and Manual Card Entry by 2030

Mastercard is aiming to eliminate the need for manual card entry, passwords, and one-time codes for online purchases by 2030 through the use of tokenisation...

Revolut Seeks Banking License in New Zealand

Revolut has applied to become a registered bank in New Zealand. Since its launch in New Zealand in 2023, Revolut has experienced significant growth, processing...

NatWest Unveils Fintech Growth Initiative

NatWest Group is launching a Fintech Growth Programme aimed at assisting startups in utilizing the resources, expertise, and networks of an established high-street bank to...

Google Initiates Lawsuit Challenging CFPB Supervisory Order

Google is gearing up to challenge the US Consumer Financial Protection Bureau (CFPB) in court over its plans to establish supervisory authority over Google Payment...

ABN Amro Launches ‘Pay Later’ Pilot for B2B Transactions

ABN Amro is launching a 'Pay Later' debtor management pilot aimed at enhancing trust in online B2B transactions for business clients. Under this pilot, ABN...

FS Sector Urges Comprehensive Review of Financial Data Access Regulation

As Europe advances towards enhancing open finance through the implementation of Financial Data Access (FIDA) legislation, various associations are urging for a comprehensive assessment of...

ThetaRay Collaborates with Microsoft for GenAI Financial Crime Detection Solution

ThetaRay has partnered with Microsoft Azure OpenAI Service to create a GenAI financial crime detection suite. This collaboration enables financial institutions to better detect criminal...

Berlin-based WealthTech Startup NAO Secures €3.4 Million in Funding

Berlin-based WealthTech startup NAO has successfully secured €3.4 million in seed funding from a mix of family offices, private investors, and existing backers, including FinTech...

Klarna Penalized $50 Million for AML Violations

Klarna has been fined Skr500 million ($50 million) by Sweden’s Financial Supervisory Authority due to deficiencies in its anti-money laundering practices. An investigation conducted by...

Themis, an AML Firm, Secures £7.25 Million in Funding

Financial crime prevention platform Themis has successfully raised £7.25 million in scale-up funding. With offices in London and the Middle East, Themis has developed know...