FintechDaily – Page 304 – Fresh Dose of Fintech News

Interledger Foundation Covers Costs for Fintechs to Develop Global Interoperability Network

The Interledger Foundation is dedicated to establishing an open, interoperable payment network and is now offering funding for fintechs that utilize its protocol to enhance...

UK Payments Startup Ryft Secures FCA Licence

Ryft, a UK startup aiming to replicate Stripe's success, has secured an FCA licence following a £1.2 million seed raise in September. Ryft's platform facilitates...

Puulse Launches Financial Services Platform Tailored for Freelancers

A new app for freelancers, Puulse, has launched in the UK and Europe, offering free advance payments to gig workers facing a productivity slump. Puulse...

BIS and Bank of England Finalize CBDC Initiative

A pilot project involving central bank digital currencies (CBDCs) is being jointly conducted by the Bank of England (BoE) and the Bank of International Settlements...

PayPoint Acquires Stake in Aperidata

British bill payment company PayPoint has invested £1 million in Aperidata, a consumer and business credit reporting and open banking platform. This partnership builds on...

PayPal’s Stablecoin Launches on the Solana Blockchain

PayPal's PYUSD stablecoin is now accessible on the Solana blockchain, a strategic move aimed at enhancing speed and reducing costs for its users. Originally launched...

HSBC Brings on Former SVB Bankers to Target US ‘Innovation Economy’

Following the collapse of Silicon Valley Bank (SVB) in March, HSBC is now hiring around 40 former SVB bankers to establish a new unit focused...

N26 Launches Stock Trading Feature Within App

German digital bank N26 is expanding its offerings with the introduction of in-app stock and ETF trading features. The new product, developed in collaboration with...

AI Risk Management Tool Successfully Raises $20 Million in Funding

Blackbird AI, a developer of AI-driven narratives for risk management, has successfully raised $20 million in a Series B funding round. The funding was spearheaded...

Yonder Raises £62.5 Million in Series A Funding

Rewards credit card startup Yonder has raised £12.5 million in equity and secured a £50 million credit line to enhance its operations. The funding round...