FintechDaily – Page 16 – Fresh Dose of Fintech News

Google Cloud Launches Blockchain Solution to Compete with Stripe and Circle

Google Cloud's head of Web3 strategy has recently highlighted the company's Universal Ledger Layer-1 blockchain as a "credibly neutral" foundation for financial services, positioning it...

Zelle Reports Only 0.02% of Transactions Lead to Fraud or Scam Claims

Zelle is proactively addressing a lawsuit from New York's attorney general, who alleges that the platform failed to protect users from significant fraud. The P2P...

Revolut Readies Secondary Share Sale Valued at $75 Billion

Revolut is set to initiate a new share sale, enabling its employees to liquidate their stock holdings at a valuation of $75 billion. According to...

Seon, a Fraud Prevention Platform, Secures $80 Million in Funding

Fraud prevention and AML compliance specialist Seon has raised $80 million in a Series C funding round led by Sixth Street Growth. IVP, Creandum, Firebolt,...

Green Fintech Network Releases ‘Theory of Change’ Roadmap

The Green Fintech Network, based in Switzerland, has released its report titled The Green Fintech Theory of Change, which illustrates the pivotal role that fintech...

JPMorgan Chase Set to Introduce Digital Banking in Germany

JPMorgan Chase is set to launch its retail digital banking services in Germany next year, marking a significant step in its European expansion strategy. The...

Lloyds Bank Plans to Reduce Staff Performance Issues

Lloyds Banking Group is currently evaluating employee performance metrics to address persistent underperformance within its workforce. With a staff of 63,000, the UK-based lender aims...

Launch of Cross-Border QR Payment Pilot Between China and Indonesia

UnionPay International (UPI) is piloting a cross-border QR payment linkage between China and Indonesia. UPI and its partners are currently in a sandbox phase that...

Swift and Leading Banks Explore AI and Data Sharing to Combat Financial Fraud

Bank-to-bank messaging network Swift has reported promising results from tests combining AI and cross-border data sharing, successfully doubling real-time fraud detection during trials involving 13...

SumUp Plans Public Listing for Next Year

UK card reader company SumUp has reportedly engaged investment bankers to gauge interest for a potential IPO that could value the firm at £15 billion....