FintechDaily – Page 409 – Fresh Dose of Fintech News

SME Banking Platform Relay Secures $32.2 Million in Funding

Relay, a business banking and money management service tailored for SMEs, has successfully secured $32.2 million in a Series B funding round led by Bain...

FCA Cautions Financial Services Firms and Influencers to Ensure Social Media Advertisements Comply with Regulations

The UK's Financial Conduct Authority (FCA) has issued guidance for social media ads featuring financial services, cautioning both firms and 'finfluencers' to ensure their promotions...

Portugal Bans Worldcoin Due to Privacy Concerns

Worldcoin, the crypto biometric project led by OpenAI's Sam Altman, has been temporarily banned in Portugal due to concerns over data privacy. This ban marks...

Mastercard Enhances Platform to Support Fintechs in Launching Card Programs

Mastercard has expanded its Product Express platform, which launched in Latin America earlier this year, to several new markets, allowing fintechs to implement card programs...

Fiserv Co-Leads $16 Million Seed Funding Round for PayFac Forward

Forward, a US-based startup providing payment services for software companies, has successfully raised $16 million in a seed funding round. The round was led by...

EU Banks Concerned Over ‘Unrealistic’ Deadlines for Instant Payments

A third of EU banks currently do not provide an instant payments service, and many are feeling pressure from the January 2025 deadline, based on...

NCA Takes Action Against Scam-as-a-Service Platform

The UK's National Crime Agency (NCA) has taken action to shut down a platform utilized by numerous criminals to defraud victims worldwide through spoofed phone...

Boerse Stuttgart Leverages Blockchain to Reduce Settlement Times

Boerse Stuttgart has announced the successful testing of blockchain-based securities settlement against central bank money, demonstrating a dramatic reduction in settlement times from days to...

Barclays Heads £4 Million Seed Funding Round for WealthOS

WealthOS, a cloud-native and API-driven core wealthtech startup, has successfully raised an additional £2 million in its seed funding round, bringing the total to £4...

Banks Urged to Broaden Risk Management Strategies to Include AI

A report from the US Treasury has urged banks to enhance their risk management frameworks to effectively combat the growing threats posed by AI-driven fraudsters...