FintechDaily – Page 307 – Fresh Dose of Fintech News

BitGo Expands into Private Securities Sector with Acquisition of Brassica

Crypto custody specialist BitGo has acquired Brassica, a fintech firm that provides backend infrastructure services for private securities and alternative investments. Financial terms of the...

PayPal Agrees to $2 Million Cybersecurity Settlement with New York Regulators

PayPal has agreed to pay $2 million to settle charges from New York State regarding cybersecurity failures that resulted in the exposure of customers' social...

Super.com secures $85 million for its savings super app

Super.com, an all-in-one savings platform, has successfully raised $85 million in debt and equity to develop a super app akin to WeChat. The Series C...

UK Banks Anticipate Increase in Cybercrime Amid Economic Downturn

The ongoing cost-of-living crisis in the UK is expected to contribute to an increase in cyber crime, according to recent research. More than a third...

Nium Maintains Unicorn Status with $50 Million Series E Funding Round

Cross-border B2B payments operator Nium has successfully secured $50 million in a Series E funding round. The funding round was led by a sovereign wealth...

Founders Forum Group Purchases Tech Nation

Entrepreneurial network Founders Forum Group has acquired Tech Nation, ensuring the organization can continue its vital support for UK startups after a decade of impactful...

UBS Introduces Tokenized Warrant on a Public Blockchain

UBS has introduced Hong Kong’s first investment-grade tokenized warrant on the Ethereum public blockchain network. The product, utilizing the on-chain issuance framework provided by UBS...

Mastercard Launches Biometric Checkout Initiative in Europe

Poland is set to serve as the European testing ground for a new biometric checkout program from Mastercard, which incorporates both facial and iris recognition...

Bank-Supported DLT-Driven CBDC Initiative Project MBridge Achieves MVP Milestone

The Bank for International Settlements (BIS) has announced that its multi-central bank digital currency (CBDC) platform, Project mBridge, has reached the minimum viable product (MVP)...

Banking Technology Startup Plumery Secures $4.5 Million in Funding

Plumery, a startup specializing in component-based banking technology and founded by Ben Goldin, the former CTO and CPO of Mambu, has successfully secured $4.5 million...