FintechDaily – Page 194 – Fresh Dose of Fintech News

Klarna Unveils IPO Prospectus and Acquires Walmart’s OnePay Business

Swedish BNPL leader Klarna has officially submitted its application to the Securities and Exchange Commission for listing its ordinary shares on the New York Stock...

Burbank Launches Online Tap and PIN Payment System

A Welsh fintech startup has introduced an innovative solution to tackle card-not-present fraud by transitioning offline tap-and-pin payments into the e-commerce space. Developed by the...

Cash App Teams Up with Afterpay to Offer BNPL Options at Checkout

Cash App has partnered with Afterpay to introduce buy now, pay later services for online merchants. To celebrate this collaboration, the two companies have launched...

NymCard Secures $33 Million in Funding for Banking-as-a-Service in MENA Region

Abu Dhabi-based banking-as-a-service vendor NymCard has successfully raised $33 million in a Series B funding round. Led by QED Investors, this round attracted significant support...

Fiserv Expands European Presence with CCV Acquisition

Fiserv has acquired CCV, a 67-year-old provider of payment services operating in the Netherlands, Belgium, and Germany, in a move aimed at enhancing the growth...

Metro Bank to Implement AI in Corporate and Commercial Loan Portfolio

Metro Bank has announced the adoption of an advanced AI platform from Covecta, aimed at significantly reducing the time required to process loans within its...

Monzo Creates Backup Bank to Address Service Outages

Engineers at Monzo have introduced a groundbreaking backup banking system—known as Monzo Stand-in—designed to operate independently and can be activated immediately during service outages. This...

Why Inaction is the Key Biodiversity Challenge in Financial Portfolios

In recent times, the awareness and understanding of biodiversity within the banking and financial sectors have undergone a significant transformation. There is a growing recognition...

Fed Working Group Proposes Network for Sharing Scam Information

A Federal Reserve-backed working group has recommended that the US payments industry establish an independent information exchange framework designed to provide a centralized source for...

Utila Secures $18 Million Investment for Institutional Digital Asset Wallets

Digital assets operations platform Utila has successfully raised $18 million to capitalize on the growing popularity of stablecoins. The Series A funding round was spearheaded...