FintechDaily – Page 60 – Fresh Dose of Fintech News

UK Finance Experiences Spike in DDoS Attacks

The UK financial sector experienced a notable increase in distributed denial of service (DDoS) attacks in the first half of 2022, following the invasion of...

EarlySalary in India Secures $110 Million Funding Round

Indian lending fintech EarlySalary has secured $110 million in a Series D funding round led by TPG’s The Rise Fund and Norwest Venture Partners. Founded...

Singtel and Grab Introduce Digital Bank in Singapore

Telco Singtel and superapp Grab have launched GXS, Singapore's first digital bank for consumers and businesses. This launch follows the Grab-Singtel venture's acquisition of one...

Revolut Data Breach Affects Over 50,000 Customers’ Information

Revolut has experienced a data breach that has exposed the personal details of approximately 50,000 customers globally. The company reported the cyber attack to the...

Singapore Embraces a New Digital Bank

The digital banking landscape in Singapore has expanded with the introduction of Trust Bank, a collaboration between Standard Chartered and local retailer FairPrice. This challenger...

Warwick Business School Launches Fintech Research Centre

Warwick Business School has launched a new research centre for financial technology, thanks to a generous £3 million donation from Clive Gillmore, an alumnus of...

Hong Kong to Launch Subsidies Aimed at Attracting Fintech Companies

The Hong Kong government is preparing to introduce financial incentives to address the skills shortage in the fintech sector. Several industry associations, including the Hong...

Morgan Stanley Penalized $35 Million for Inadequate Device Disposal Practices

Morgan Stanley Smith Barney (MSSB) has been fined $35 million for failing to safeguard the personal identifying information (PII) of approximately 15 million customers. The...

Fintech for Influencers XPO Enters Administration

XPO, a startup that secured approximately $1 million aimed at aiding creators and influencers in expediting invoice payments, has entered administration. The London-based company appointed...

LedgerEdge Ceases Operations

Corporate bond trading platform LedgerEdge has entered administration just a year after its launch. David Baxendale and Edward Macnamara of PwC have been appointed as...