FintechDaily – Page 314 – Fresh Dose of Fintech News

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...

Visa UK Implements New Initiatives to Safeguard SMEs Against ‘Friendly Fraud’

Visa UK has implemented a series of new initiatives aimed at shielding small businesses from the rising incidence of 'friendly fraud.' This type of fraud...

Rabobank Conducts $2 Billion in Commercial Paper Transactions via Blockchain

Rabobank has successfully conducted a series of pilots to execute over €2 billion in commercial paper transactions on the blockchain platform Ubermorgen. This innovative platform...

QED Secures Nearly $1 Billion for Fintech Investment

Global fintech venture capital firm QED Investors has successfully closed two new funds with total capital commitments of $925 million. Founded in 2007 by Nigel...

Barclays Advocates for Tech Companies to be Held Accountable for Scams on Their Platforms

Barclays is urging tech companies to reimburse scam victims as part of four major recommendations aimed at addressing the UK's growing fraud crisis. The demand...

Swift Aims to Link VoP Initiatives Across Europe

Bank-to-bank payment messaging network Swift is working to enhance the interoperability of Verification of Payee (VoP) schemes across Europe. New research indicates that 83% of...

Plenty Unveils Fintech Platform Tailored for Millennial Couples

Plenty, a financial platform designed to facilitate discussions, management, and investment of money for couples, has successfully raised $2.75 million in pre-seed funding. The funding...

Laybuy, a BNPL Company, Goes into Receivership

New Zealand-based buy now, pay later lender Laybuy has entered receivership after failing to find a buyer for its struggling business. Laybuy was listed on...

Monzo Founder Blomfield Becomes Part of Y Combinator

Monzo founder Tom Blomfield has joined Y Combinator, a prominent startup accelerator and venture capital firm, as a group partner. Blomfield departed the UK challenger...

ANZ to Introduce Technology for Detecting Mule Accounts

ANZ is enhancing its security capabilities with a new tool designed to detect mule accounts that are being used to receive funds from scam victims...