FintechDaily – Page 313 – Fresh Dose of Fintech News

BofA Unveils Fintech Accelerator Program

Bank of America is launching a fintech accelerator designed to attract entrepreneurs from underrepresented communities. The Bank of America Breakthrough Lab will feature a six-month...

RegTech Startup Amlyze Secures $1 Million in Pre-Seed Funding

Vilnius-based RegTech startup Amlyze has successfully completed a $1 million pre-seed investment round, led by Practica Capital, with additional participation from Lithuania's Firstpick accelerator and...

BNP Paribas and Citi Invest in United Fintech

BNP Paribas and Citi have made history as the first institutional investors in United Fintech, a company focused on acquiring a portfolio of vendors in...

The Impact of Instant Payments on Combating Financial Crime

During the Temenos Community Forum in Vienna earlier this year, Finextra had the opportunity to interview Adam Gable, product director of financial crime, treasury, and...

Apple Discontinues Apple Pay Later Service

Apple is discontinuing its Buy Now, Pay Later (BNPL) service just a year after its launch, shifting its focus toward collaborating with third-party providers for...

GoHenry’s Co-Founder and COO Discusses Navigating Acquisition and Expansion Challenges

Louise Hill, co-founder and COO of the children’s financial education app GoHenry, recently shared insights on fostering financial resilience in young individuals and the company's...

Revolut Reportedly Denied for UK Banking License

The Bank of England is reportedly planning to reject Revolut’s longstanding application for a banking license in the UK, as reported by the Telegraph. Revolut...

Mastercard Introduces CVC-Free Payments for Tokenized Cards in India

Mastercard has launched Cardholder Verification Code-less online payments for debit and credit cardholders in India who have tokenized their cards on merchant platforms. According to...

Lunar and SAS Collaborate to Launch Debit Card

Danish neobank Lunar has introduced a new debit card in collaboration with Scandinavian Airlines (SAS), enabling users to earn and redeem EuroBonus points. EuroBonus points...

LGBTQ+ Banking Startup Daylight Ceases Operations

Daylight, a digital banking app designed for America's LGBTQ+ community, is set to shut down shortly after three former employees initiated a lawsuit against the...