FintechDaily – Page 19 – Fresh Dose of Fintech News

UK BaaS Platform Griffin Transitions to Full Banking Institution

UK Banking-as-a-Service platform Griffin has received authorization as a UK bank, albeit with certain restrictions. The company is now listed on the Financial Conduct Authority...

Tide kooperiert mit Adyen auf dem deutschen Markt

Tide has announced its entry into the German market by offering business accounts, marking the company's first step in expanding across Europe. The initiative is...

LSE Disruption Affects Small-Cap Trading Activity

The London Stock Exchange experienced two outages on Tuesday, causing disruptions in trading for many small company shares. Trading on the FTSE small cap index...

UK Financial Fraud Reaches £1.2 Billion, While APP Losses Decline

The UK experienced a slight decrease in financial fraud losses in 2022, totaling £1.2 billion, primarily due to a 17% reduction in authorized push payment...

Namibia Embraces India’s UPI Technology

The Bank of Namibia has engaged NPCI International Payments to assist in developing an instant payments system modeled after India's highly successful UPI. Namibia will...

Elyn, the “Try-Before-You-Buy” Payments Startup, Secures €2.5 Million in Funding

French 'try-before-you-buy' startup Elyn has raised €2.5 million in a pre-seed funding round led by Headline and Sequoia Arc. Elyn focuses on enhancing the online...

Fed Proposes Extended Operating Hours for FedWire and NSS

The US Federal Reserve Board is seeking feedback on a proposal to operate its two major payment services, the Fedwire Funds Service and the National...

Payroll and Benefits Fintech Catch Ceases Operations

Personal payroll and benefits fintech Catch is shutting down, acknowledging that it is not the entity to disrupt a "trillion dollar ecosystem." The Catch platform...

ABN Amro Co-Leads €11.5 Million Seed Funding Round for ThreatFabric

ABN Amro has co-led a €11.5 million seed round in the fraud detection fintech ThreatFabric to expand its technical capabilities and support growth. Co-developed with...

JP Morgan Leverages Visa Direct for Quicker Payments

JP Morgan is set to enhance domestic payments in the US through the Visa Direct network. JP Morgan Payments has announced that Visa Direct will...