FintechDaily – Page 190 – Fresh Dose of Fintech News

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...

Deel Purchases Atlantic Money, Competing with Wise

Digital payroll vendor Deel has acquired Atlantic Money, a UK fintech startup that aims to compete with money transfer giant Wise. Founded by two early...

Fintech Australia Supports Government’s Scam Prevention Initiative

Fintech Australia, the industry group representing Australia's startup sector, has expressed its support for the government's initiative to introduce scam obligations for financial services companies....

Panel Urges Regulators to Establish Minimum Standards for Fraud Data Sharing

Regulators need to establish a “minimum set of data” for banks to share, which must effectively support fraud detection and prevention, according to Michele Gentile,...

FCA Employs Criminal Powers in Recent Assault on ‘Finfluencers’

The FCA is interviewing 20 'finfluencers' under caution who may be promoting products illegally, as part of its ongoing campaign against financial product promotions via...

Starling Bank Introduces In-App Call Status Feature to Combat Bank Impersonation Scams

Starling Bank has introduced an in-app call indicator designed to protect customers from bank impersonation scams. The 'call status indicators' are visible on both the...

CFPB Sued Over New Open Banking Regulations Amid Bank Opposition

The Bank Policy Institute and the Kentucky Bankers Association have initiated a lawsuit against the Consumer Financial Protection Bureau (CFPB), alleging that the agency exceeded...