FintechDaily – Page 402 – Fresh Dose of Fintech News

MEPs Approve New Rules for Ten-Second Instant Transfers

The European Parliament has adopted new rules requiring that transferred funds reach the bank accounts of retail customers and businesses across the EU within ten...

Visa, Mastercard, JP Morgan, and Citi Among Companies Participating in US AI Safety Consortium

Over 200 organizations, including Nvidia, OpenAI, Apple, JP Morgan, and Amazon, have agreed to participate in the US AI Safety Institute Consortium (AISIC) as part...

Stripe Negotiates Acquisition of Stablecoin Platform Bridge

Payment firm Stripe is reportedly in advanced talks to acquire stablecoin platform Bridge, as cited by Bloomberg sources. After a six-year hiatus, Stripe re-entered the...

PE Software Startup Secures £11 Million in Funding

Pactio, a UK-based fintech focused on the private equity (PE) market, has successfully completed an £11 million Series A funding round. Founded in London in...

Agenda to Discuss AI, Buy Now Pay Later, Data Privacy, and Request to Pay

The Nordic region has consistently been at the forefront of payment innovation. However, the question remains: Is this still true in 2024? NextGen Nordics 2024,...

New York Broadens Digital Currency Group Lawsuit Aiming for $3 Billion in Claims

New York Attorney General Letitia James has filed an amended lawsuit against crypto firm Gemini and its parent company, Digital Currency Group (DCG). The lawsuit...

US Fraud Losses Exceed $10 Billion in 2023

Americans faced over $10 billion in fraud losses in 2023, with investment scams responsible for nearly half of these losses, according to Federal Trade Commission...

Citi Trials Tokenization of Private Investment Funds

Citi has partnered with Wellington Management and WisdomTree to investigate the tokenization of private markets. The collaboration conducted a proof-of-concept using the Avalanche Spruce institutional...

US Imposes Sanctions on Companies Supplying Technology to Iran’s Central Bank

The United States has imposed sanctions on several companies and individuals involved in smuggling technology to the Central Bank of Iran (CBI). The CBI has...

Monzo Unveils Three New Fraud Prevention Measures

Monzo has unveiled a set of three security controls designed to help customers reduce the risk of fraudulent payments resulting from phone theft, shoulder surfing,...