FintechDaily – Page 407 – Fresh Dose of Fintech News

UDPN Introduces Digital Currency Sandbox Initiative

The Universal Digital Payments Network (UDPN) has introduced a digital currency sandbox designed for both commercial and central banks. Launched at Davos last year, the...

Central Banks Utilize LLMs to Extract Climate Risk Information from Corporate Reports

The Bank for International Settlements has successfully completed proof-of-concept testing for Project Gaia, an initiative in collaboration with three central banks aimed at utilizing natural...

Norway’s Push for a Cashless Economy Slowed by New Cash Payment Regulations

Norway's journey towards becoming one of the world's first cashless economies has encountered a setback after new legislation was introduced by Parliament, requiring retailers to...

Kudos Secures $10.2 Million for Its AI-Driven Smart Wallet

Kudos has successfully secured $10.2 million in a Series A funding round led by QED Investors for its AI-driven smart wallet and shopping assistant. Participating...

Essential Nordic Payment Stories You Might Have Missed This Year

Finextra is returning to Stockholm for the annual NextGen Nordics event, where attendees can look forward to in-depth discussions on a range of topics and...

NPCI Disconnects Hundreds of Banks Following Ransomware Attack on IT Vendor

More than 200 cooperative and regional rural banks were briefly disconnected from India's retail payments system last week due to concerns about a potential ransomware...

Genesis to Pay $21 Million Fine to SEC

Genesis has reached an agreement to pay a $21 million civil penalty to the Securities and Exchange Commission (SEC) for the unregistered offer and sale...

UK Fintech Set to Evolve into ‘Ubiquitech’ with Smart Data Roadmap, New Report Unveils

Chair of the Ubiquitech Group, Dr. Ruth Wandhöfer, has published a report that provides practical recommendations for enhancing a digital economy focused on trust, sustainable...

Funding for Ireland’s Fintech Sector Declines

In 2023, funding for Irish fintechs experienced a dramatic 94% decline, as revealed by recent research. The KPMG biannual report, "Pulse of FinTech H2'23," indicates...

Klarna Introduces Gift Card Store for BNPL in the UK

Klarna is partnering with Blackhawk Network to introduce the UK's first buy now, pay later gift card store. UK shoppers will have the opportunity to...