FintechDaily – Page 277 – Fresh Dose of Fintech News

DLocal Considers Potential Sale – Reuters

Unicorn Latin American cross-border payments platform dLocal is reportedly exploring a potential sale, according to Reuters. The Uruguay-based company has engaged Morgan Stanley to assess...

Tanzanian Money Transfer App Nala Expands Launch into the EU Market

This launch provides the African diaspora in Europe, the UK, and the United States with efficient and cost-effective options for sending money to Tanzania, Kenya,...

Bank-Supported EPI Completes Initial E-Commerce Transactions

The European Payments Initiative (EPI), a bank-backed initiative designed to create a competitor to Mastercard and Visa in Europe, has successfully completed its first e-commerce...

Virgin Money and TSB Criticized for Online Security Vulnerabilities

Starling Bank and HSBC lead the rankings for online banking security, according to assessments conducted by Red Maple Technologies for consumer advocate Which?. In contrast,...

Indian Lending Platform KreditBee Secures Second Tranche in $200 Million Funding Round

Bengaluru-based fintech lending platform KreditBee has successfully extended its Series D funding round with a new investment of $100 million from private equity powerhouse Advent...

OCBC Launches ChatGPT-Powered Bot for All Employees

Singapore's OCBC will be launching a generative artificial intelligence chatbot for all 30,000 of its employees to assist in writing, research, and generating new innovative...

Tietoevry Banking Secures Mandate for Implementation of Payee Verification

Tietoevry Banking has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP), coinciding with...

UK Fintech Funding Declines by 8%

UK fintech funding experienced an eight percent decline last year but still outperformed competing hubs in Europe and Asia amid a significant global slowdown, according...

Banks Urged to Enhance Standards for Handling APP Scam Payments

The UK's Lending Standards Board (LSB) is taking a firmer stance on authorised push payment (APP) fraud, pushing banks that process scam payments to implement...

Checkout.com Responds to Misleading Media Coverage

Checkout.com has provided clarification regarding its financial position in light of recent reports concerning profit losses and significant staff cuts. The payments processor's response follows...