FintechDaily – Page 186 – Fresh Dose of Fintech News

Bank of England Chief Urges UK to ‘Rebuild Relations’ with EU

Bank of England Governor Andrew Bailey stated that the UK must “rebuild relations” with the EU while respecting the decision of the British people to...

MoneyGram Appoints New CEO After Data Breach Incident

Weeks after a significant cyberattack, MoneyGram has appointed Anthony Soohoo, a former Walmart executive, as its new CEO, replacing Alex Holmes. The MoneyGram board made...

Fintech Association Files Lawsuit Against CFPB Over BNPL Regulation

The Financial Technology Association (FTA) has initiated a lawsuit against the Consumer Financial Protection Bureau (CFPB) regarding its recently announced buy now, pay later (BNPL)...

PBoC Aims to Foster the Healthy Growth of Cross-Border Payments

“The People’s Bank of China (PBoC) will continue to promote the healthy development of cross-border payment under the principles of openness, cooperation, and mutual benefit,”...

ECB Releases Second Progress Update on the Digital Euro

The European Central Bank (ECB) has released its second progress report regarding the preparation phase of a digital euro, setting the groundwork for the possible...

Irish Fintech Investment Plummets 90% in First Half of Year

The first half of 2024 has witnessed a significant decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment. Total investment plummeted by 90%...

Central Banks Contemplate the Hazards of Tokenization

Tokenisation of money presents numerous advantages, but it also introduces economic, legal, and technical challenges that must be addressed for it to reach its full...

Is there a Need for Faster Payments in the US?

How much choice is too much choice? The second day of AFP in Nashville, Tennessee, featured BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s...

Authologic Secures $8.2 Million in Series A Funding for E-ID Solutions

Polish identity verification vendor Authologic has successfully raised $8.2 million in a Series A funding round. Authologic aims to simplify the KYC (Know Your Customer)...

US Advances ‘Open Banking’ Initiative with Final Rule on Personal Financial Data Rights

Consumers in the US will soon have the right to direct their banks to share their financial data with other institutions, thanks to new open...