FintechDaily – Page 26 – Fresh Dose of Fintech News

Stablecoins May Compete with Cards, Says Fed Payments Expert

Stablecoins are increasingly gaining traction and could potentially rival credit and debit cards, according to a payments expert from the Atlanta Federal Reserve. A decade...

Regtech Salv Secures €4 Million Funding

Salv, a regtech startup founded by a group of former Wise and Skype employees, has secured €4 million in an extension of its seed round,...

Keep Your Eyes Peeled – Don’t Forget to Take Five! UK Finance Introduces Scam Bingo Game

UK Finance's Take Five to Stop Fraud campaign is raising awareness among the over-65s with a new 'scam bingo' game. The UK has experienced a...

Klearly, a Phone Startup, Secures €6 Million in Seed Funding

Dutch in-person payment startup Klearly has successfully secured a €6 million seed round to facilitate its expansion into new European markets. As the preferred partner...

HelloGold Closes Operations; Luno Downsizes by 330 Jobs

The fintech sector continues to face challenges, with the Malaysian savings app HelloGold becoming the latest to close operations and cryptocurrency platform Luno reducing its...

Klarna Negotiates Sale of US Loan Portfolio

Klarna is reportedly in discussions with several banks, including Citigroup, RBC, Nordea, and Société Générale, regarding the sale of a portfolio of US "Pay in...

Dubai Investments Acquires Stake in UK Digital Bank Monument

Dubai Investments has acquired a nine percent stake in Monument, a digital banking startup that focuses on the UK's mass affluent market. The terms of...

Strategizing Digital Transformation: Balancing Trust with Partners

To effectively navigate digital transformation during the shift to the cloud, financial institutions are seeking innovative approaches to their cloud strategies. They face challenges related...

Mastercard Agrees to Pay $26 Million to Resolve Gender and Racial Discrimination Class Action Lawsuit

Mastercard has agreed to pay $26 million to settle claims of underpayment of female, Black, and Hispanic employees. The settlement, disclosed in court documents filed...

Marqeta’s First Acquisition: $275 Million Purchase of Power Finance

Card issuing fintech Marqeta is set to acquire the credit card program management platform Power Finance for $275 million in cash. Marqeta, which reported a...