FintechDaily – Page 383 – Fresh Dose of Fintech News

CBA Pilots NameCheck Technology on JPMorgan’s Liink Blockchain

Commonwealth Bank of Australia (CBA) is set to enhance the validation of bank account details for international payments to Australia by integrating its NameCheck technology...

Wells Fargo and Fiserv Terminate Merchant Acquiring Joint Venture

Wells Fargo and Fiserv will conclude their long-standing merchant acquiring joint venture next year. Wells Fargo Merchant Services (WFMS), in which Fiserv acquired a 40%...

Sibli Secures $4.5M for AI-Driven Investment Research

Sibli, a startup utilizing AI to assist asset managers in the investment research process, has secured $4.5 million in seed funding. The funding round was...

PaymentSense Targets Irish Financial License

Ireland's payments sector is poised for heightened competition as reports emerge that UK-based PaymentSense intends to apply to the Central Bank for an e-money license....

UK Funds Receive Approval for Tokenization

Investment funds authorized in the UK may now advance their tokenisation strategies following the release of the inaugural report from a government-backed industry working group....

HSBC Sells Off Its Stake in Monese

HSBC has entirely written off its stake in Monese just two years after investing $35 million in the mobile banking fintech. According to filings, the...

Klarna Secures UK Approval for Credit and Payment Solutions

Klarna has received approval to offer credit and payment products in the UK, just before a temporary arrangement established post-Brexit is set to expire. The...

EU Explores Expansion of Cybersecurity Regulation Scope

The European Union is considering expanding cybersecurity regulations to encompass Big Tech companies, banks, and airlines, as a growing number of organizations transition to cloud-based...

Industry Cautions EU About Potential Overregulation

Digital Europe, a digital technology trade association, has urged the EU to avoid excessive regulation in its forthcoming AI bill in a recent letter. As...

Do Kwan Set for Extradition from Montenegro

Do Kwon, the former CEO of Terraform Labs, is set to be extradited to either South Korea or the United States after receiving approval from...