FintechDaily – Page 33 – Fresh Dose of Fintech News

TikTok Under Increased Congressional Scrutiny in the U.S.

The US Congress scrutinized TikTok CEO, Shou Zi Chew, during a four-hour hearing as the company faces escalating demands for a ban in the United...

Stripe Reduces Workforce by 300 Employees

Stripe has recently laid off approximately 300 employees, representing 3.5% of its workforce, as reported by Business Insider. The layoffs primarily affect product, engineering, and...

Alloy, the Identity Decisioning Fintech, Expands Launch to the UK

US fintech Alloy has officially launched in the UK as part of its EMEA growth strategy and global expansion, opening a new office in London...

Report Forecasts Growth Surge in APAC’s Wealthtech Sector

The wealthtech sector in the Asia-Pacific region is projected to exceed $2 trillion by 2027, fueled by technological advancements, as highlighted in a recent McKinsey...

Latitude Financial Discloses Theft of 14 Million Customer Records in Cyber Attack

Australian consumer lender Latitude Financial has reported a significant data breach, with 14 million customer records—including driver’s licenses, passports, and financial statements—stolen in a cyber...

Italy’s Qomodo Secures €13.5M to Introduce BNPL Services to Retail Spaces

Qomodo, an Italian startup that assists physical merchants in providing BNPL (buy now, pay later) payment options to customers, has successfully raised €13.5 million in...

Former NYSE CIO Unveils Finance App

Fierce, a "feel-good" finance app founded by former NYSE CIO Rob Cornish, has officially launched after emerging from stealth mode, securing $10 million in seed...

CBA and Telstra Trial APP Fraud Detection Technology

Commonwealth Bank of Australia is collaborating with local telecommunications provider Telstra on a venture aimed at combating scams that could potentially save customers up to...

Highnote Secures $90M Funding to Enter Merchant Acquiring Market

Card issuance and program management platform Highnote is entering the US merchant acquiring space after securing $90 million in Series B funding. The funding round...

Kyiv’s Fuelfinance Secures Major Funding Amid Russian Invasion

Kyiv-based Fuelfinance has successfully raised $1 million in seed funding, attracting notable investors like Markus Villig, CEO and founder of Bolt, and John S. Kim,...