FintechDaily – Page 62 – Fresh Dose of Fintech News

Surge in Fintech M&A Activity Amid Falling Valuations

Global Fintech mergers and acquisitions (M&A) surged in the first half of 2022, recording 591 deals as investors capitalized on discounted opportunities. Data from Hampleton...

Deutsche Börse Group set to acquire FundsDLT

Deutsche Börse Group is set to acquire the remaining shares in FundsDLT, a Luxembourg-based company that leverages distributed ledger technology for fund distribution and processing....

New PSR Rules Grant Mandatory Reimbursement Rights to APP Fraud Victims

Victims of authorized push payment (APP) fraud will soon have the right to full reimbursement under new proposals from the Payment Systems Regulator (PSR). Currently,...

Neobank for Migrants Majority Secures $30M in Series B Funding

Majority, the mobile banking service designed for migrants in the US, has successfully raised $30 million in Series B funding, led by Valar Ventures. Additionally,...

Wio Introduces ‘Platform Bank’ in the UAE

Wio Bank has officially launched as the first "platform bank" in the UAE, introducing apps, embedded finance, and BaaS (Banking as a Service) offerings to...

Banks Gear Up for Cybersecurity Showdown to Foster Awareness

To commemorate Cybersecurity Awareness Month in the US this October, financial institutions are organizing a variety of tournaments and events aimed at highlighting important cybersecurity...

Sardine Secures $51.5 Million for Its Fintech Fraud Prevention Platform

Sardine, a behavior-based fraud and compliance platform for fintechs, has successfully raised $51.5 million in a Series B funding round, which was led by Andreessen...

Higlobe Secures $14 Million to Launch Stablecoin-Powered Money Transfer Service

Higlobe, a US startup founded by a former executive from Google and Spotify, has successfully raised $14 million to develop a subscription-based cross-border money transfer...

SCA Has Resulted in a Decrease in Online Card Fraud

Two hundred days after the mandatory implementation of Strong Customer Authentication (SCA) in the UK, 73% of retailers report a decline in online payment fraud,...

RBCx and RBC Ventures Unite

The Royal Bank of Canada is merging its tech banking and innovation division, RBCx, with its technology investment group, RBC Ventures. Under the RBCx brand,...