FintechDaily – Page 5 – Fresh Dose of Fintech News

African Fintech Firm M-Kopa Secures $250 Million in Funding

African fintech company M-Kopa has successfully secured over $250 million in fresh debt and equity funding aimed at enhancing its suite of financial services for...

Klarna’s AI Chatbot Accomplishes the Work of 700 Full-Time Employees

Klarna has reported that its OpenAI-powered chatbot is effectively performing the equivalent of 700 full-time customer service agents following its global launch last month. The...

USDC Takes Center Stage in the Spotlight

Regal, a prominent cinema chain in the United States, has announced that it will now accept USDC stablecoins via Coinbase Wallet for movie ticket purchases...

UK RegTech Company NorthRow Considers Sale

UK RegTech platform NorthRow has enlisted boutique investment advisory firm Lazarus Consulting to explore growth investment opportunities or a potential full sale of the business....

Bunq Submits Application for U.S. License

Dutch digital bank bunq has reported a 65% increase in full-year profit and is intensifying its efforts to enter the US market by filing for...

New York Files Lawsuit Against DailyPay and MoneyLion Over Alleged ‘Illegal Loans’

The New York attorney general has initiated a lawsuit against DailyPay and MoneyLion, claiming that the earned wage access providers are charging workers fees that...

CBA Unveils Sustainability Action Tool for Businesses

Commonwealth Bank of Australia (CBA) has introduced a new Sustainability Action Tool aimed at assisting businesses in minimizing their environmental footprint while also reducing costs....

US Judge Overturns CFPB’s Restrictions on Late Fees for Credit Cards

A US judge has struck down a Consumer Financial Protection Bureau (CFPB) rule that capped credit card late fees at $8. Texas-based US District Judge...

Microsoft Introduces AI-Driven Copilot for Financial Services

Microsoft has unveiled Microsoft Copilot for Finance, an AI-enhanced workplace automation solution that expands the capabilities of Microsoft 365, joining the ranks of Copilot for...

Bookkeeping Platform Bench Closes its Doors, Rapidly Acquired by New Buyer

Vancouver-based bookkeeping fintech company Bench has been acquired by Employer.com, a startup that specializes in human resources technology, just days after announcing its shutdown. On...