FintechDaily – Page 278 – Fresh Dose of Fintech News

German Neobank Ruuky Enters Insolvency Proceedings

German neobank Ruuky has filed for insolvency after failing to secure new funding. Founded three years ago as Pockid, the company rebranded to Ruuky one...

Visa and Qashio Collaborate on B2B Travel Payment Solutions

Visa has partnered with UAE-based spend management specialist Qashio to launch a business-to-business travel payments solution. The Visa Commercial Choice Travel programme aims to provide...

Penta Co-Founder Secures €3 Million Funding for Swiss Banking Venture

Relio, a Swiss SME banking startup founded by Lav Odorovic, co-founder of German digital bank Penta, has successfully raised €3 million. Relio is set to...

LSEG Integrates Global Financial Operations on Oracle Cloud

London Stock Exchange Group (LSEG) is consolidating its global finance operations by migrating to Oracle Cloud, which will replace multiple legacy systems currently in use....

US Treasury Establishes Committee to Guide Cloud Services Initiative

The dominance of a limited number of cloud service providers in the financial sector raises concerns about operational resilience and the negotiation leverage these vendors...

Nomupay Secures $37 Million to Facilitate Access to Asian Markets

Dublin-based Nomupay has successfully completed a third investment round, raising $37 million at a valuation of $200 million. This funding enhances the company’s goal of...

Climate X appoints Monzo’s Andrew Ellam as Vice President of Technology

London-based climate risk analytics provider Climate X has appointed Andrew Ellam, formerly of Monzo, Amazon, and Facebook, as vice president of technology. Ellam previously served...

JPMorgan Initiates Legal Action in Viva Wallet Controversy

JPMorgan Chase has initiated new lawsuits in the UK and Greece related to its investment in fintech company Viva Wallet. In 2022, JPMorgan invested approximately...

Sprinque Secures €6M for Its B2B Payments Platform

Dutch B2B payments platform Sprinque has secured €6 million in seed funding to broaden its pay-by-invoice technology throughout Europe. The funding round was led by...

Mastercard and Network International Launch AI-Driven Fraud Prevention Technology

Mastercard has partnered with digital commerce company Network International to introduce an Artificial Intelligence (AI) solution aimed at combating transaction fraud throughout the Middle East...