FintechDaily – Page 195 – Fresh Dose of Fintech News

Monzo Launches Split Payments Feature to Simplify Shared Expenses

Monzo is introducing a new split payments feature that allows customers to track, pay, and follow up on shared expenses. The Monzo Split feature caters...

Rain, a Stablecoin Card Issuer, Secures $24.5 Million in Funding

Rain, a card issuing platform for stablecoins, has secured $24.5 million in new funding, with Norwest Venture Partners leading the round. New investors joining this...

How the Intelligence Revolution is Transforming AI’s Capabilities in Banking

At the inaugural NextGen: AI 2024 event in London, Dr. Joe Lyske, co-founder and managing partner of Time Machine Capital, delivered a compelling keynote address...

Alkami Enhances Account Opening Features with $400 Million Acquisition of Mantl

Alkami, a provider of cloud-based digital banking solutions, has announced its acquisition of account opening technology firm Mantl for $400 million. Established in 2016, Mantl...

Debit Cards Surpass Cash at Point of Sale in Switzerland

Debit cards have surpassed cash as the preferred payment method among consumers in Switzerland. Recent data from a survey conducted by the Swiss National Bank,...

Harnessing AI Technology for Sustainable Solutions

IBM has partnered with WWF Germany to leverage AI-driven spatial capturing technology aimed at improving elephant tracking across Africa. This innovative approach is anticipated to...

Participate in the Dialogue at NextGen Nordics

With increasing interest in digital currencies, Nordic central banks are responding to the urgent need for transformation in the monetary landscape. Events such as NextGen...

Walmart Teams Up with JPMorgan to Introduce Embedded Finance for Marketplace Sellers

Walmart has formed an embedded finance partnership with JPMorgan Chase, enabling thousands of merchants on its marketplace platform to accept and make payments. According to...

Fidelity Investments is Developing a Stablecoin

Fidelity Investments is currently in the advanced stages of testing its proprietary stablecoin, designed to function as cash within cryptocurrency markets, and will be overseen...

Block Cuts 931 Jobs and Closes Job Openings

US fintech Block is laying off 931 employees and closing 748 open positions as part of a significant reorganisation. This decision was communicated to staff...