FintechDaily – Page 16 – Fresh Dose of Fintech News

UBS Restructures Key Operations Positions

Swiss bank UBS has announced a series of changes to its executive team, including a reshuffle in its operations and technology roles. Group chief compliance...

Modern Treasury Acquires Stablecoin Platform Beam

Payments orchestration platform Modern Treasury is expanding into stablecoins through the acquisition of Beam. Financial terms of the deal were not disclosed. Beam is a...

Starling Introduces AI Tool for Scam Detection

UK challenger bank Starling has introduced what it claims is the UK's first AI tool designed to detect purchase scams. The Scam Intelligence tool allows...

Citi Collaborates with Coinbase for Institutional Digital Asset Payment Solutions

Citi is collaborating with Coinbase to introduce digital asset payment capabilities for the bank's institutional clients. The partnership leverages Coinbase’s expertise in digital asset infrastructure...

Regulator Alerts Australian Banks About Technology Risks

Australian banks and their internal audit teams must prioritize the risks associated with legacy technology and an over-reliance on a limited number of cloud service...

Barclays Set to Purchase Lending Startup for $800 Million

UK bank Barclays is set to expand its presence in the US consumer banking market after agreeing to acquire US-based personal lending fintech BestEgg for...

Klarna Introduces New Membership Program

As Klarna evolves from a Buy Now, Pay Later (BNPL) provider to a comprehensive banking entity, it has introduced a global membership program that offers...

Saudi BNPL Startup Tabby Raises Valuation to $4.5 Billion

A recent secondary share sale has increased the valuation of MENA-based financial app Tabby to over $4.5 billion. The new investors, including HSG and Boyu...

UK Payments Industry Cautions Government: Regulatory Overhaul More of a ‘Reshuffle than Reform’

The UK government's decision to eliminate the Payment Systems Regulator (PSR) has drawn criticism from a prominent industry association, which argues that the plans resemble...

Crypto Staking Company Prepares for LSE Listing

Isle of Man-based crypto staking firm KR1 is set to make a significant transition by seeking a listing on the London Stock Exchange (LSE). The...