FintechDaily – Page 275 – Fresh Dose of Fintech News

PalmPay and Jumia Collaborate to Enhance Nigeria’s Digital Payment Ecosystem

In a significant move to promote cashless transactions in Nigeria, PalmPay, the country’s most popular mobile wallet, has partnered with Jumia, a leading e-commerce platform...

Family Finance Startup Bling Raises €3.5 Million in Seed Funding

Bling Europe, a pocket money card and financial education app for children, has successfully raised €3.5 million in seed funding just six months after its...

Overcoming Fraud Concerns in Instant Payments: A Call for Progress from the US Faster Payments Council

A key conflict that will significantly influence fintech developments in 2025 is the evolution of instant payments and the concurrent rise in fraudulent activities. Reed...

ION Servers Disabled Following Ransomware Attack

ION has experienced a cyber attack that disrupted servers associated with cleared derivatives, leading to trade reporting and matching issues for brokers and competing processing...

EY Appoints Barclays Innovation Executive to Lead New Fintech Lab

EY has appointed Mark Jannetta, the former head of Barclays' Fintech Venture Studio, to lead its inaugural fintech lab located in London. Situated within EY’s...

Fiserv Enhances Embedded Finance Solutions Through Payfare Acquisition

Fiserv is enhancing its embedded finance capabilities through the acquisition of Payfare, a provider specializing in workforce payments for gig economy companies. Fiserv took its...

DTCC Acquires Blockchain Company Securrency

The Depository Trust & Clearing Corporation (DTCC) has reached an agreement to acquire the blockchain-based fintech firm Securrency. Financial details of the transaction have not...

OneBanx Secures £1.27 Million Funding Through Crowdcube

Shared bank branch operator OneBanx has successfully raised £1.27 million on Crowdcube. Backed by Japanese technology group Glory, OneBanx has created a low-cost pop-up kiosk...

EPC Releases RFP for API Test Toolbox to Verify Payee Authenticity

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee (VOP) scheme. The VOP...

SEC Broadens WhatsApp Enforcement to Include Hedge Funds

The Securities and Exchange Commission (SEC) is expanding its investigation into the usage of WhatsApp for business transactions on Wall Street to encompass significant hedge...