FintechDaily – Page 404 – Fresh Dose of Fintech News

Banks and Payment Systems Disrupted by Flawed CrowdStrike Update Leading to Global Microsoft Outage

A global tech outage affecting Microsoft platforms has impacted banks and card payment systems worldwide. The disruption is attributed to a software update from cybersecurity...

Tide Purchases Payroll Service Onfolk

Business finance platform Tide has acquired UK payroll provider Onfolk, which specializes in servicing SMEs. The financial details of the transaction have not been disclosed....

Q1 Records Nearly 500 Fintech Transactions

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto, and blockchain emerging as prominent sectors, according...

Griffin Secures $24 Million and Launches as a Fully Operational Bank in the UK

UK Banking-as-a-Service startup Griffin has secured $24 million in new funding to fulfill regulatory capital requirements and transition from 'mobilisation' to being a fully licensed...

AI Assessment Reveals Banks Falling Behind on Climate Initiatives

Most of the largest commercial banks globally are falling short in implementing effective measures to climate-proof their operations and the businesses they finance, according to...

BBVA Launches Global Cybersecurity Center in Mexico

BBVA is establishing a global cybersecurity center in Mexico as part of a partnership with IT services company Telefónica Tech. This initiative aims to enhance...

Europe’s Target Settlement System to Integrate with Cross-Border Instant Payment Initiative

Europe's Target Settlement system is set to join Project Nexus, an initiative by the Bank for International Settlements aimed at connecting domestic real-time payment networks...

RBC Unveils New Incubator Initiative

The Royal Bank of Canada is launching a new incubator program aimed at supporting fintech and cybersecurity startups. The bank is collaborating with the Rogers...

Banks Granted Extended Time to Investigate APP Fraud

UK banks will have an additional 72 hours to halt payments if they suspect authorized push payment (APP) fraud. The UK Government has announced plans...

OCBC Plans $500 Million Investment in New Innovation Hub

South East Asia's second-largest bank, OCBC, has announced a $500 million investment in the Punggol Digital District (PDD). This includes the establishment of a new...