FintechDaily – Page 207 – Fresh Dose of Fintech News

North Korean Cybercriminals Make Off with $300 Million from ByBit Theft

North Korean hackers have successfully cashed out $300 million from the record-breaking $1.5 billion crypto heist of ByBit Exchange. Experts indicate that the notorious Lazarus...

Synctera Secures $15 Million in Funding for Its BaaS Platform

Banking-as-a-Service provider Synctera has secured $15 million in funding and signed on online checkout leader Bolt as a client. Founded in 2020, Synctera was established...

FCA Pursues Regulatory Clarity on Underwhelming AI Adoption by UK Banks

The FCA will host a roundtable with banking industry leaders to address concerns that strict compliance requirements are hindering investment in artificial intelligence. According to...

Visa Reports New Anti-Scam Unit Prevented $350 Million in Fraud Attempts

Visa has announced that its newly-established scam disruption practice successfully prevented over $350 million in attempted fraud in 2024. The department, which operates under Visa...

UK Government Announces Plans to Eliminate Payment Systems Regulator

The UK Government has announced its intention to abolish the Payment Systems Regulator (PSR) in an effort to reduce regulatory burdens and stimulate economic growth....

Introducing the Initial 10 Speakers for NextGen Nordics

The Nordic payments ecosystem stands out as one of the most innovative and forward-thinking globally. As digital payments evolve and reshape the financial landscape, expert...

Zocks Secures $13.8M to Enhance AI-Powered Client Intelligence for Financial Advisors

Zocks, an AI-driven client intelligence platform for financial advisors, has successfully raised $13.8 million in a Series A funding round led by Motive Ventures. Additional...

AmEx Acquires Expense Management Software Company Center

American Express has announced its agreement to acquire Center, a provider of expense management software. The financial details of the deal were not disclosed. Center...

Barclays Nears Sale of Its Merchant Acquiring Business

Barclays Bank is nearing an agreement to sell its merchant acquiring business to Brookfield Asset Management from Canada. In February, Barclays announced its intention to...

Sweden’s Riksbank Develops Offline Payment Solutions as Part of War Contingency Planning

Sweden's central bank is focusing on enhancing the ability to make offline payments by card, aiming to boost resilience amid geopolitical tensions and the ongoing...