FintechDaily – Page 346 – Fresh Dose of Fintech News

Cybercriminals Compromise Personal Data of 17 Million loanDepot Customers

Mortgage company loanDepot has reported that the personal data of nearly 17 million customers was compromised in a ransomware attack that occurred in January. The...

Swiss Banks Launch Instant Payment System

Consumers in Switzerland can now send and receive payments within seconds, thanks to the introduction of instant payments across the banking sector. Approximately 60 financial...

AI Fintech Black Ore Unveils $60 Million Funding After Stealth Mode

Black Ore, a startup focused on developing AI tools for financial services firms, has emerged from stealth mode with $60 million in funding led by...

Klarna Purchases Assets of Bankrupt BNPL Company Laybuy

Klarna has acquired the assets of the defunct buy now, pay later company Laybuy in New Zealand. Laybuy entered receivership in June after failing to...

Bitwala Rises from the Ashes of Nuri

Crypto-focused German bank Nuri has made a comeback from insolvency, rebranding itself under its original name, Bitwala, and launching a streamlined service. Nuri filed for...

Finextra Unveils NextGen:AI, a Groundbreaking Event Shaping the Future of AI in Financial Services

Join us in London on 26th November 2024 to challenge the perception of AI and its role in financial services. NextGen:AI is set to define...

AmEx Card Information Compromised in Third-Party Data Breach

American Express is notifying customers that their account information may have been compromised due to a data breach at a third-party service provider. The company...

Danish Wealthtech Startup Performativ Secures €5.5 Million in Funding

Danish wealthtech startup Performative has successfully raised €5.5 million in a seed funding round led by FinTech Collective. Performative's technology suite is designed to enhance...

Boerse Stuttgart Digital Appoints Solaris Tech Lead as Chief Technology Officer

The digital assets division of Boerse Stuttgart has appointed Dennis Winter, former tech chief at Solaris, as its new Chief Technology Officer (CTO). In his...

UniCredit Fined £2.3 Million for Data Breach

UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3 million) by the country's data protection authority due to a 2018 data breach incident. The...