FintechDaily – Page 306 – Fresh Dose of Fintech News

Australian Payment Startup Waave Secures $4.7 Million in Funding

Waave, an Australian open banking startup focused on account-to-account payments, has successfully completed a $4.7 million seed funding round. The investment was led by Menulog...

Telecom-as-a-Service Platform Gigs Appoints Former Nubank Executive as Financial Services Lead

Gigs, a telecom-as-a-service platform designed to streamline the process for companies selling phone and data plans, has appointed Rafael Plantier, a former veteran of Stripe...

Collaborative Approaches Can Address Future Payment and Banking Challenges

Kicking off the 18th edition of EBAday in Madrid, Spain, Wolfgang Ehrmann, chairman of the Euro Banking Association, welcomed nearly 1,200 professionals from across the...

Central Banks Set to Test FX Settlements Using wCBDC

The Bank for International Settlements (BIS) is launching Project Rialto to investigate enhancements to instant cross-border payments. This initiative implements a modular foreign exchange component...

Global Banks Partnering with Fintechs to Enhance Customer Experience

According to research by East & Partners for Finastra, three out of four global banks intend to connect with an average of three fintech startups...

UK Trials ‘Super ATM’ Capable of Accepting Deposits for Multiple Banks

The UK's Link ATM network is piloting a new type of cash machine that can accept deposits for several banks. The first machine is operational...

Barclays Launches Government-Funded Support Initiative for UK Tech Sector

Barclays Eagle Labs has officially launched its government-funded two-year support program aimed at assisting UK tech businesses. Earlier this year, Barclays received a £12 million...

Man Arrested for Using Dummy with taped Photos in Mobile Banking Facial Recognition Scheme

Brazilian police have arrested a man accused of manipulating mobile banking facial recognition technology by taping photos of victims’ faces onto dummies to secure loans...

Visa Explores Generative AI to Improve Tokenization

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced that the company has generated $40 billion in incremental...

Amex Ventures Launches $78M Fintech Fund After Thorough Vetting

A group of three former managing directors from Amex Ventures has raised $78 million for their inaugural fund focused on supporting early-stage fintech startups. Vesey...