FintechDaily – Page 366 – Fresh Dose of Fintech News

HSBC and PayPal Address Quantum-Safe Cryptography for Payment Solutions

HSBC and PayPal are among the founding members of a new working group focused on the adoption of quantum-safe cryptography in the payments industry. Experts...

European A2A Payments Poised for Launch

The European Payments Initiative (EPI) is expected to promote the adoption of account-to-account (A2A) payments, with a Capgemini report indicating that 37% of payment executives...

Citi Participates in £25 Million Series A Funding Round for UK Fintech Zilo

UK-based asset and wealth management software vendor Zilo has successfully secured £25 million in a Series A funding round that attracted investment from Citi. The...

Irish Fintechs Express Frustration Over Insufficient State Support

Innovation in Ireland's banking sector has been significantly impeded by insufficient government funding, according to a newly released report. The study, titled Ireland's Fintech Future,...

TikTok Hit with €345 Million Fine for Breaching EU Privacy Regulations

The Chinese-owned short-video platform TikTok has been fined €345 million by Ireland’s Data Protection Commissioner (DPC) for violating privacy laws related to the handling of...

Church of England Successfully Launches Nationwide Rollout of Contactless Giving Devices

The Church of England has successfully completed a three-year initiative to implement contactless giving devices in over 2,200 churches, raising almost £4 million in donations...

Fintech Startup Salmonsecures Banking License in the Philippines

Consumer credit fintech Salmon has gained a banking license in the Philippines after acquiring a controlling stake in Rural Bank of Sta. Rose. Upon the...

What Lies Ahead for Low-Value Cross-Border Payments?

The challenges and opportunities surrounding low-value cross-border payments were front and center at Sibos on Monday, as a panel of industry experts discussed various models,...

FCA Discovers No Evidence of Politician De-Banking in Initial Investigation

A report released today by the UK’s Financial Conduct Authority (FCA) has found no evidence that politicians' bank accounts are being closed due to their...

Sibos 2023: Will CBDCs Replace Cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard led a session focused on the significant rise of digital currencies over recent years and questioned whether...