FintechDaily – Page 261 – Fresh Dose of Fintech News

CSI to Become a Private Entity in $1.6 Billion Transaction

Computer Services Inc., a fintech and regtech company, is poised to go private after agreeing to a buyout by investment firms Centerbridge Partners and Bridgeport...

Barclays RepoHack 2023 Aims to Garner Industry Support for Transforming Post-Trade Repos

Barclays has officially opened registrations for the Barclays RepoHack 2023, an industry hackathon aimed at encouraging market participants to develop innovative solutions for repo post-trade...

SoftBank Faces Unprecedented Losses Amid Technology Downturn

SoftBank's Vision Fund investment arm has reported a record loss, signaling challenging times ahead for financial technology fundraising. The Japanese conglomerate posted a $17.2 billion...

Class Action Lawsuit Alleges Coinbase Did Not Safeguard Customers Against Fraud

The world's largest crypto exchange, Coinbase, is facing a federal class action lawsuit over claims that it failed to adequately protect user accounts from cyberattacks...

The Bank of London Launches New Tech Hub in Charlotte, Generating 350 Jobs

Global clearing and transaction banking startup The Bank of London is set to establish its Global Platform & Services headquarters in Charlotte, North Carolina, creating...

Fintech Challenger Dozens Ceases Operations

UK challenger banking app Dozens is set to cease its consumer operations, attributing the decision to the ongoing impacts of COVID-19 and difficulties in securing...

Fraud Surge Compels Bus Company to Prohibit Online Banking and Lower Mobile Contactless Payment Limits

An Essex bus company has implemented a ban on customers using Monzo and Revolut to pay for fares with smartphones. They've also reduced the contactless...

Lord Hammond Joins Support for £1 Billion UK Fintech Fund

A group of senior industry leaders is spearheading the establishment of a new £1 billion fintech fund designed to accelerate the growth of promising scale-ups...

Tim Fitzpatrick, Former CEO of Chaps, Assumes Chairmanship at Synch Payments

Synch Payments, the Irish bank-backed instant mobile account-to-account payment service, has appointed Tim Fitzpatrick, the former CEO of the UK's Chaps high-value payment system, as...

Finix, a Payments Infrastructure Firm, Secures $30 Million in Funding

Payments infrastructure platform Finix has secured $30 million in a funding round that included American Express. Participating in the round were several notable investors, including...