FintechDaily – Page 248 – Fresh Dose of Fintech News

Effectiv Secures $4 Million for Fraud Management Platform Development

Effectiv, a US startup that offers a no-code risk management platform tailored for mid-sized banks, credit unions, and fintechs, has successfully raised $4 million in...

Apple Aims to Handle Payment Processing Internally

Apple is taking steps to develop its financial services capabilities by bringing various processes in-house, aiming to reduce reliance on external fintech partners, as reported...

Jeremy Hunt Downplays AI Concerns, Affirms UK’s Leadership in AI Development

Chancellor Jeremy Hunt addressed concerns regarding rapid AI development at a Politico event in London on Wednesday, asserting that the UK must enhance its position...

Millions of Brits Putting Themselves at Risk of Fraud by Disregarding Confirmation of Payee Alerts

Millions of Brits are putting themselves at risk by ignoring warnings about mismatched bank account details during transfers, according to research from Lloyds Bank. In...

Santander UK’s CIO Takes Position at Biometric Company iProov

Biometric face authentication technology company iProov has appointed Miguel Traquina, formerly the chief information officer for operations and economic crime at Santander UK, as its...

Delta Capita Acquires SETL’s Capital Markets Division

Delta Capita is launching a distributed ledger venture by acquiring the capital markets business of blockchain firm SETL and partnering with Montis Group as an...

Danish Data Protection Authority Initiates Criminal Case Against Danske Bank

The Danish Data Protection Agency (DPA) has initiated a criminal complaint against Danske Bank for breaches of General Data Protection Regulations (GDPR). In 2020, Danske...

IBM Unveils Real-Time AI for Enhanced Transaction Processing

IBM is leveraging the capabilities of real-time AI to assist banks in analyzing transactions for fraud on a large scale. Credit card fraud remains a...

Deutsche Börse Offers €3.9 Billion to Acquire SimCorp

Deutsche Börse has presented a €3.9 billion offer to acquire Danish financial software firm SimCorp. The proposed bid constitutes a 38.9% premium over SimCorp's closing...

Block Reports Unauthorized Access to Customer Data by Former Employee

Block has notified the SEC that a former employee unlawfully accessed reports containing customer information related to US Cash App users. In December, the individual...