FintechDaily – Page 266 – Fresh Dose of Fintech News

Deutsche Bank Introduces Risk Valuation for Merchant Transactions to Combat Fraud

Deutsche Bank is leveraging artificial intelligence technology from Visa subsidiary Cybersource to provide merchant customers with a fraud risk score for individual transactions. The 'Decision...

35 Startups Selected for Tech Nation’s Diversity-Focused Libra 2.0 Program

Tech Nation has selected 35 tech startups to participate in the second iteration of their Libra programme, aimed at supporting underrepresented tech founders. Libra 2.0...

Vesttoo to Lay Off 75% of Workforce

Israel-based fintech firm Vesttoo, known for using artificial intelligence to bridge the insurance industry and capital markets, is laying off 75% of its workforce amid...

Edda Secures Funding for a Bloomberg Terminal Focused on Private Markets

Edda, a French company focused on creating collaborative software for professional investors, has successfully raised $5.8 million in funding. Previously known as Kushim VC, Edda...

Banque de France Explores ‘Post-Quantum’ Security Technology

The Banque de France has been exploring "post-quantum" security technologies to prepare for a future where quantum computing may render current IT systems vulnerable to...

Pakistan’s ABHI Facilitates Donations for Flood Victims

Pakistan-based fintech ABHI has partnered with NGOs JDC, Al-Khidmat, and Saylani to enable employed individuals to donate their earned but unpaid salaries to flood relief...

Surge in Fintech M&A Activity Amid Falling Valuations

Global Fintech mergers and acquisitions (M&A) surged in the first half of 2022, recording 591 deals as investors capitalized on discounted opportunities. Data from Hampleton...

Deutsche Börse Group set to acquire FundsDLT

Deutsche Börse Group is set to acquire the remaining shares in FundsDLT, a Luxembourg-based company that leverages distributed ledger technology for fund distribution and processing....

New PSR Rules Grant Mandatory Reimbursement Rights to APP Fraud Victims

Victims of authorized push payment (APP) fraud will soon have the right to full reimbursement under new proposals from the Payment Systems Regulator (PSR). Currently,...

Neobank for Migrants Majority Secures $30M in Series B Funding

Majority, the mobile banking service designed for migrants in the US, has successfully raised $30 million in Series B funding, led by Valar Ventures. Additionally,...