FintechDaily – Page 16 – Fresh Dose of Fintech News

China Investigates Qualcomm for Antitrust Violations

US semiconductor manufacturer Qualcomm is currently under investigation in China for allegedly breaching antitrust laws related to its acquisition of Autotalks. China’s market regulator, the...

Big Issue Teams Up with FumoPay to Enable Sellers to Accept Open Banking Payments

Big Issue, a magazine sold by the homeless throughout the UK, is collaborating with open banking provider fumopay to pilot a QR code-based payment system...

Revolut Poised for Launch in India

Revolut is set to launch its payments platform in India later this year, aiming to attract 20 million customers by 2030. UK-based Revolut will allow...

Wise to Introduce Travel Card in India

UK-based fintech Wise is advancing its presence in the Indian market with plans to launch what it claims is the country's first 'travel' card. The...

Routefusion Secures $26.5 Million for Cross-Border Payments Fintech Expansion

Routefusion, an Austin-based financial infrastructure provider, has successfully raised $26.5 million in Series A funding. This investment round was led by PeakSpan Capital, with additional...

Citi Makes Investment in Stablecoin Company BVNK

Citi has become the latest traditional financial services giant to invest in the stablecoin infrastructure platform BVNK. The amount of the investment, made through Citi...

Klarna and Google Finalize AI Partnership

Klarna has partnered with Google Cloud to utilize its complete AI stack, encompassing infrastructure, platforms, and models. This new "AI-first" collaboration aims to enhance innovation,...

Majority of Bank Employees Utilizing Unapproved AI Tools

The rise of shadow AI, where bank employees use unauthorized technology, presents an increasing risk to the financial services sector, according to recent research. A...

BoE Sounds Alarm on Possible AI Bubble

UK investors should brace for a potential sharp correction in the value of UK stocks, driven by inflated valuations for AI companies, according to the...

G20’s Cross-Border Payments Initiative Will Miss 2027 Target Deadline

Payment firms have expressed disappointment over the news that a G20 initiative aimed at improving cross-border payment efficiency is set to miss its initial deadline....